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The National Australia Bank may halve their local IT department in the next five years, with plans to outsource jobs to India.
The National Australia Bank may halve their local IT department in the next five years, with plans to outsource jobs to India.
According to news reports in The Australian, the project, code named Neos involves hundreds of IT jobs going offshore. It’s reported that technology banking Australia general manager Craig Bright said technology staff numbers could drop to less than 1000 over the next five years.
NAB presently employs about 2600 technology staff.
A NAB spokeswoman has since stated that no solid figure has been confirmed for the job cuts because of the changing nature of NAB’s technology platforms over the next five years.
Last week, NAB informed staff that as part of the second wave of its information technology outsourcing program it was reviewing the positions of 148 staff across the TBA and technology MLC divisions.
MLC is the bank’s wealth management division.
Already 264 technology jobs have been targeted for transfer o technology outsourcers Satyam and Infosys by October.
So far, 100 positions have been sent to India, between 10 and 15 staff have accepted redundancy, and another 30 per cent have requested voluntary redundancy…
Source:
The Australian
