Westpac Banking and ANZ Banking Group are planning to outsource around 250 jobs, The Wall Street Journal reports. The jobs at the Australian lenders will be outsourced to Asia.

As part of the move, nearly 100 workers of Westpac will be shifted to India, while 150 ANZ employees will be moved to the Philippines. Less than 100 jobs in banking services and collections at Westpac will also be outsourced to global service providers in the coming months.

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