NAB to cut 2,500 jobs in massive restructure
NAB said in a statement on Tuesday that the bulk of the redundancies would occur before the end of the year, citing a challenging economy, competition and…
The Guardian reports: NAB said in a statement on Tuesday that the bulk of the redundancies would occur before the end of the year, citing a challenging economy, competition and “rapid technological change”.
This business story centres on Australia. Names and organisations mentioned in the coverage include NAB and National Australia Bank.
Why it matters
Business and economic news can ripple through prices, jobs, investments and household budgets.
Key details
- Location
- Australia · Oceania
- Reported by
- The Guardian
- First reported
- Key names
- NAB, National Australia Bank
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
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