Antonia Watson: ANZ New Zealand CEO on the job cuts in Australia, capital gains tax, mortgages

ANZ's New Zealand boss says the bank has no major restructure plans on this side of the Tasman.

The Australian banking group has announced plans to axe about 3,500 in-house roles and 1000 contractors.

Its New Zealand arm says about 20-30 mostly head-office roles might be cut here.

But Chief Executive Antonia Watson told Kerre Woodham it's part of a normal review of efficiencies, which they do every year.

She says times of change always generate nervousness, but they've been clear that what's driving the change in Australia isn't a factor here.

She says staff will have a lot of empathy for their Australian colleagues who are going through a tough time at the moment.

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