Westpac Banking Corporation is aiming to outsource jobs in order to reduce costs, The Wall Street Journal reports. In June, the firm disclosed its plans to outsource up to 100 jobs in banking services and collections to global service providers.

The move comes as the firm’s third-quarter net profit fell 3.3% to $1.52 billion. The firm also expects that cost to rise in the fourth quarter as it is restructuring parts of its business to deal with a lower credit growth environment.

Click here for the story from The Wall Street Journal.