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NAB to Cut 2,500 Jobs in Major Restructure

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Insights by Echo AI

National Australia Bank (NAB) has announced plans to axe up to 2,500 jobs, representing around 6% of its workforce, by the end of the 2027 financial year. The job cuts are part of a major overhaul aimed at simplifying the bank's operating model, improving productivity, and benefiting customers. The restructuring is expected to result in a AU$300 million pre-tax restructuring charge.

Source coverage

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X / Twitter

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Telegram

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RSS

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18 Sources

  1. The Age avatar

    The Age

    RSS / @theage.com.au/rss/feed.xml

    NAB announces it will cut thousands of jobs The National Australia Ban...

  2. Brisbane Times avatar

    Brisbane Times

    RSS / @brisbanetimes.com.au/rss/feed.xml

    NAB announces it will cut thousands of jobs The National Australia Ban...

  3. UK News Today avatar

    UK News Today

    Telegram / @UK_news_today

    NAB announces it will cut thousands of jobs

  4. Daily Mail avatar

    Daily Mail

    X / Twitter / @DailyMail

    NAB to slash 2,500 jobs as banking giant unveils major overhaul https:...

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