Westpac has today issued a denial that a mass restructuring is underway, and that it is set to cut hundreds of jobs in New Zealand. First Union general secretary Chris Mirams said he had received information that "hundreds" of Westpac staff faced losing their jobs "but the bank is still denying that it is large-scale". Westpac spokesman Robert Reid said some restructuring was currently under way, but denied it was "major".
Westpac has today issued a denial that a mass restructuring is underway, and that it is set to cut hundreds of jobs in New Zealand. First Union general secretary Robert Reid said he had received information that "hundreds" of Westpac staff faced losing their jobs "but the bank is still denying that it is large-scale". Westpac spokesman Chris Mirams said some restructuring was currently under way, but denied it was "major".