{"id":78499,"date":"2026-08-25T06:33:09","date_gmt":"2026-08-25T06:33:09","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/78499\/"},"modified":"2026-08-25T06:33:09","modified_gmt":"2026-08-25T06:33:09","slug":"allianz-transformation-drive-exposed-as-excuse-to-cull-staff","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/78499\/","title":{"rendered":"Allianz transformation drive exposed as excuse to cull staff"},"content":{"rendered":"<p dir=\"ltr\">Allianz Tech\u2019s Speed2Value initiative, which was announced in 2023, was positioned publicly by the company as a way of achieving \u201cinnovation and operational excellence\u201d and \u201ctransformation\u201d for the tech and IT services branch of Allianz Group.<\/p>\n<p dir=\"ltr\">However, an unfair dismissal lawsuit has ruled that the initiative was an excuse for redundancy, framed as a growth opportunity for the business.<\/p>\n<p>\n        You\u2019re out of free articles for this month    <\/p>\n<p>&#13;<\/p>\n<p dir=\"ltr\">\u201cThe Speed2Value initiative is an ongoing, global initiative focused on transitioning certain in-house roles and functions out of high-cost jurisdictions and into an offshore or outsourced model,\u201d the decision reads, as seen by <a href=\"https:\/\/www.itnews.com.au\/news\/allianz-tech-transformation-exposed-as-offshoring-drive-628291\" rel=\"nofollow noopener\" target=\"_blank\">itnews<\/a>.<\/p>\n<p>&#13;<\/p>\n<p dir=\"ltr\">\u201cThis includes engaging services through offshore or onshore third-party professional services firms, and, in some cases, offshore Allianz group entities engaging employees in lower cost jurisdictions outside of Australia.\u201d<\/p>\n<p>&#13;<\/p>\n<p dir=\"ltr\">This has impacted not just the one person in the lawsuit, but has reduced local staff numbers from 515 in March 2023 to 329 in March this year.<\/p>\n<p>&#13;<\/p>\n<p dir=\"ltr\">However, despite the inaccurate framing of the initiative, the lawsuit outlined above was unsuccessful by the ex-staffer, who was frustrated by the termination as they had moved for the role.<\/p>\n<p>&#13;<\/p>\n<p dir=\"ltr\">The analyst programmer told the company in a letter that the redundancy was not valid as the team he was part of was \u201cvery busy\u201d and that offshore skills and resources were not at the same level.<\/p>\n<p>&#13;<\/p>\n<p dir=\"ltr\">&#8220;I understand the offshore team will take over my projects. However, they lack the capability to create [document] templates from scratch,&#8221; he wrote.<\/p>\n<p>&#13;<\/p>\n<p dir=\"ltr\">&#8220;They have only been able to maintain and modify templates created by myself and other &#8230; team members.&#8221;<\/p>\n<p>&#13;<\/p>\n<p dir=\"ltr\">He also said that he had spent time learning a niche tool for the Allianz Tech business and passed on other career paths for Allianz.<\/p>\n<p>&#13;<\/p>\n<p dir=\"ltr\">While the Fair Work commission said it was \u201cunderstandable\u201d that the individual \u201cfelt very aggrieved\u201d at the decision, they determined that the redundancy was genuine as the position was no longer required by the company.<\/p>\n<p>&#13;<\/p>\n<p dir=\"ltr\">\u201cAzTech submitted that it no longer required [the] job to be performed by anyone because of changes in the operational requirements of its enterprise arising from the Speed2Value initiative,\u201d the decision states.<\/p>\n<p>&#13;<\/p>\n<p dir=\"ltr\">\u201cAzTech submitted that as part of that initiative, [the] role was eliminated and has not been replaced within Aztech\u2019s enterprise. <\/p>\n<p>&#13;<\/p>\n<p dir=\"ltr\">\u201cAzTech submitted that to the extent the functions associated with [the] role are still required, they have been wholly outsourced to an offshore contractor, HCLTech, a third-party contractor providing document management services for the Allianz group, based in India.\u201d<\/p>\n<p>&#13;<\/p>\n","protected":false},"excerpt":{"rendered":"Allianz Tech\u2019s Speed2Value initiative, which was announced in 2023, was positioned publicly by the company as a way&hellip;\n","protected":false},"author":2,"featured_media":78500,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20948],"tags":[20949],"class_list":["post-78499","post","type-post","status-publish","format-standard","has-post-thumbnail","category-allianz","tag-allianz"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/78499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=78499"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/78499\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/78500"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=78499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=78499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=78499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}