ANZ slammed by union for cutting jobs after breaking three-year promise
A major Australian bank has been slammed for reneging on promise to workers and announcing nearly 200 roles could be affected.   

News.com.au
January 22, 2026

ANZ has been slammed for a controversial plan that will impact nearly 200 staff members just three years after promising no roles would be affected.

ANZ-owned Suncorp Bank has announced 197 roles will be impacted, with 66 Australians expected to lose their jobs in the restructure.

The other affected roles may have changing reporting structures or need to change positions within the organisation.

Most of the jobs are in Brisbane.

The FSU labels called the plan an insult to workers.   

Financial Services Union national president Wendy Streets labelled Thursday’s announcement as an insult, saying ANZ broke a promise of ensuring no net job losses when it acquired Suncorp three years earlier.

“Now we are seeing workers pay the price. ANZ has said it is complying with its obligations, however, we have not seen the evidence to support that claim,” Ms Streets said.   

“These are empty promises. ANZ told staff and communities they would be looked after. Instead, jobs are being cut.”

In a statement to NewsWire, an ANZ spokesperon denied the allegation, saying the bank was firmly committed to meeting its commitments to both the federal and Queensland governments.

These included no new regional branch closures and no “net loss” of jobs for three years until 2027 as a direct result of the acquisition.

Many more cuts to come, unfortunately.

Within a few years no major bank will have branches open anywhere.

Not good, but it's something we have to get used to.