financetom
Business
financetom
/
Business
/
ANZ CEO says firing of staff by automated email was 'indefensible'
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
ANZ CEO says firing of staff by automated email was 'indefensible'
Aug 29, 2025 12:11 AM

SYDNEY (Reuters) -ANZ Group's ( ANZGF ) Chief Executive Nuno Matos said on Friday it was 'indefensible and deeply disappointing' for bankers to have been told they were being made redundant by automated emails, adding that the bank was taking steps to ensure no repetitions.

Matos contacted the affected staff and senior executives in two emails seen by Reuters, the contents of which were confirmed by an ANZ spokesperson.

Some retail banking staff facing job cuts received an email on Wednesday telling them of their redundancies before they were told officially, Reuters reported on Thursday.

The emails had been sent by mistake, an ANZ spokesperson said at the time, and redundancy meetings were hastened subsequently.

"The way this sensitive news was shared with some of you is indefensible and deeply disappointing," Matos told affected staff in an email on Friday.

"We are investigating the cause of the issue with urgency, to ensure it does not happen again."

In a separate email, Matos told senior managers the bank needed to improve its non-financial risk management practices.

The results of a strategic review of ANZ, ordered by Matos after he joined the bank in May, are set to be finalised in October.

"This is a timely reminder that managing non-financial risk well matters not only for how we serve our customers, but also critically, our people," Matos wrote.

"We must stay focused on fixing the controls and processes that aren't working ... to earn the respect of our employees as well as our regulators and shareholders."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
STMicroelectronics Expands Chip Wafer Supply Deal With ROHM Group to $230 Million
STMicroelectronics Expands Chip Wafer Supply Deal With ROHM Group to $230 Million
Apr 22, 2024
03:57 AM EDT, 04/22/2024 (MT Newswires) -- STMicroelectronics ( STM ) and ROHM Group said Monday they have expanded a multi-year silicon wafer supply deal to a minimum value of $230 million. Under the agreement, Rohm's SiCrystal subsidiary will supply Swiss semiconductor firm STMicroelectronics ( STM ) with an expanded volume of 150-millimeter silicon carbide substrate wafers manufactured at a...
WISeKey Wins Deal to Deliver Digital Identity Platform to Government of Seychelles
WISeKey Wins Deal to Deliver Digital Identity Platform to Government of Seychelles
Apr 22, 2024
04:20 AM EDT, 04/22/2024 (MT Newswires) -- WISeKey International Holding AG ( WKEY ) said Monday it won a project to provide a new digital identity platform to the government of Seychelles. The SeyID project is built upon WISeKey's ( WKEY ) WISeID platform for digital identity and online security, the company said. Financial terms were not disclosed. ...
mF International Prices IPO at $4.50 Per Share
mF International Prices IPO at $4.50 Per Share
Apr 22, 2024
03:33 AM EDT, 04/22/2024 (MT Newswires) -- mF International Limited (MFI) said on Friday that it priced its initial public offering of approximately 1.7 million ordinary shares at $4.50 per share for expected gross proceeds of about $7.5 million. The underwriters have been granted a 45-day option to purchase up to 250,000 additional shares. Proceeds will be used for expanding...
Rivian Automotive Partners With MEVCO to Supply Rugged EVs to Mining Industry
Rivian Automotive Partners With MEVCO to Supply Rugged EVs to Mining Industry
Apr 22, 2024
04:14 AM EDT, 04/22/2024 (MT Newswires) -- Rivian Automotive ( RIVN ) and MEVCO said Monday they are partnering to provide electrical vehicles to the mining and mining services industries. Financial terms of the collaboration were not disclosed. MEVCO supplies electric vehicles to the mining industry. Rivian produces the R1T off-road electric pick-up truck. The two companies said they would...
Copyright 2023-2026 - www.financetom.com All Rights Reserved