Westpac layoffs likely

Bank looks to reduce project manager numbers

Westpac is expected to lay off some of its project managers.

The bank says it currently has two project management teams, one focused on IT solutions and the other on managing change through the business.

“This means there are frequently two project managers on a project, and we’re looking for a more efficient way to deliver our services to the business,” says spokesman Ian Bonnar.

“At this stage, we have made the proposal to merge the teams, and we’re currently receiving feedback about this proposal. We’re not in a position to comment on impacts on jobs yet, and it wouldn’t be fair to do so.”

Industry sources say Westpac has around 60 project managers and that some may be paying the price of heavy penalties imposed by IBM over the recent botched plan to move the mainframe to Australia, rejected at the last minute by the Reserve Bank.

Others say Westpac had not been happy for some time at the level of expertise of some project managers and part of the rationale was to get rid of some whom the bank believed didn’t measure up.

As many as 20 positions could be at risk, sources say.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags employment

More about IBM AustraliaWestpacWestpac

Show Comments