ANZ faces backlash from Finance Union over Suncorp layoffs
Yahoo Finance·2026-01-23 19:25

The Finance Sector Union (FSU) has voiced strong opposition to ANZ’s recent move to reduce headcount at Suncorp Bank, raising concerns about potential breach of commitments made during the bank’s acquisition. According to the union, a total of 197 positions at Suncorp Bank will be affected, with 66 workers to be laid off. Most of the affected roles are in Brisbane. ANZ finalised its purchase of Suncorp Bank in 2024. While securing regulatory approval for the takeover, ANZ made assurances to the Queens ...

ANZ faces backlash from Finance Union over Suncorp layoffs - Reportify