About 200 more New Zealand workers are expected to lose their jobs as the effects of the international economic crisis kick in, the Sunday Star-Times reported on Sunday.
The Australian-owned ANZ National Bank, New Zealand's largest financial services group, said it would cut 200 management jobs, following already-announced cuts of 200 front-line positions and 500 back-office jobs, which were to be outsourced to India by the end of next year.
ANZ National said the redundancies were partly a response to the softening economic conditions.
The worsening global economy is expected to result in further job losses across a range of sectors in New Zealand .
The unemployment rate was predicted to climb from 4.2 percent to 6 percent by the end of 2009.
(Xinhua News Agency December 7, 2008)
