Original article by James Eyers
The Australian Financial Review – Page: 19 : 16-Nov-17
National Australia Bank expects voluntary redundancies and natural attrition to account for many of the 6,000 jobs it intends to shed over the next several years. CEO Andrew Thorburn has stressed the need for NAB to be completely open with staff regarding its cost-cutting strategy and the impact of technology on the sector. Kath Bray of the ANZ Bank has expressed a similar view, noting that staff have been fully informed of the kind of skills it requires in a downsized workforce. ANZ has shed more than 5,000 employees in the last two years.
NATIONAL AUSTRALIA BANK LIMITED – ASX NABAUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZAUSTRALIAN BANKERS’ ASSOCIATION