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A union boss has warned the ANZ-Suncorp deal would put thousands of employees out of work and trigger mass closures of dozens of bank branches. ANZ on Monday announced its proposed purchase of smaller rival bank Suncorp for $4.9 billion – marking it as the country’s biggest banking deal in 14 years. The bank’s chief executive, Shayne Elliott, has pledged to retain Suncorp’s Queensland branches and staff for at least three years. However, the Financial Sector Union (FSU) is skeptical and has warned thousands of workers will lose their jobs when the three-year period ends. Queensland Secretary Wendy Streets told Daily Mail Australia that both ANZ and Suncorp employees should be aware of the consequences of the deal. A union boss has warned the ANZ-Suncorp deal will cost thousands of employees and trigger mass closures of dozens of bank branches ANZ on Monday announced a proposed purchase of smaller rival bank Suncorp for $4.9 billion – marking it the country’s biggest banking

Melbourne-based research has led to the creation of a self-calibrated photonic chip. Research led by Monash University and RMIT in Melbourne has found a way to replace bulky 3D optics with silicon chips. “We have demonstrated a self-calibrating self-programmable photonic filter chip featuring a signal processing core and an integrated reference path for self-calibration,” explains Monash University’s ARC-winning lead researcher Professor Arthur Lowery. “Self-calibration is very important because it makes tunable photonic integrated circuits useful in the real world; applications include optical communication systems that redirect signals to destinations based on their color, very fast similarity calculations (correlators), scientific instrumentation for chemical or biological analysis, and even astronomy. “Electronics saw a similar improvement in radio filter stability using digital techniques, which led to many phones being able to share the same slice of spectrum: our optical chips h