CBA Accused of Bad Faith After Laying Off Aussies, Hiring Indians for Same Roles

The Commonwealth Bank of Australia (CBA) is facing fierce criticism from the Finance Sector Union (FSU) for allegedly laying off hundreds of Australian workers only to hire over 100 Indian software engineers for identical roles. The FSU claims CBA violated its enterprise agreement, accusing the bank of deceptive, piecemeal redundancies to avoid public scrutiny. While CBA argues a shortage of tech talent in Australia necessitates overseas hiring and highlights its AI and data science initiatives in India, the move has sparked outrage amid rising unemployment in Australia.
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