Westpac Banking Corporation Ltd says it intends to increase "offshoring", but denied media reports today that it planned to shift up to 3000 back-office jobs to India.
"I haven't seen any piece of paper with that kind of number," Westpac chief executive Gail Kelly told analysts today.
But Mrs Kelly said the bank would be keen to outsource functions if there was another business that could perform a function more efficiently.
"Will there be an increase in offshoring? Absolutely," she said.
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