ANZ National bank to cut 200 more jobs

Special Report:Global Financial Crisis

WELLINGTON, Dec. 7 (Chinese media) -- 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.