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ANZ Apologizes After Automated Emails Told Managers Their Exit Dates Early

The blunder highlights the strain of a rapid retail-bank restructure under new CEO Nuno Matos.

The logo of the ANZ Banking Group is displayed in the window of a newly opened branch in central Sydney, Australia, April 30, 2016. REUTERS/David Gray/File Photo
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Overview

  • The bank confirmed automated messages were mistakenly sent to some retail leaders, revealing finishing dates before formal redundancy conversations.
  • The emails included instructions for returning company laptops, a disclosure that acting retail head Bruce Rush acknowledged caused distress.
  • ANZ issued an unconditional apology and offered psychological counselling, while not disclosing how many employees were affected.
  • Outcome meetings on redundancies were accelerated with completion targeted for Thursday, according to Rush's internal communication.
  • The Finance Sector Union criticized the process and linked it to the fast pace of change under Matos, noting no discussions with ANZ as of Thursday.