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Showing 21 - 30 of 109 results for "job cuts"

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... about 459 more than the prior year. CBA recently faced mounting pressure to come clean as to the extent of its planned job cuts across its branches and technology division, alleged to affect 10,000 employees. Wealth management, which is made up of superannuation ...

Deutsche chief to buy shares amid turmoil

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUL 2019
... million. Sewing also released a video aimed at employees and shareholders, discussing the radical transformation and job cuts that have started at the bank. Speaking with Jorg Eigendorf, Sewing said of the new strategy: "I'm already in phase two. Phase ...

YBR overhauls wealth arm

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
Yellow Brick Road is restructuring its wealth business that will result in job cuts under the supervision of chair Mark Bouris. Its chief executive will also step down. YBR's board announced overnight it will commence to dispose, outsource or restructure ...

TAL restructures retail arm, announces job cuts

KARREN VERGARA  |  TUESDAY, 7 MAY 2019
TAL is making major changes to its retail business that will make some jobs redundant after reviewing its recent acquisition of Asteron, Suncorp's Australian life insurance business. Realigning the retail businesses will consequently reduce headcount ...

Big banks forced to cut costs: Perennial Value

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 MAY 2019
... that revenue is muted because loan growth is slow." King referred to recent news Commonwealth Bank was considering major job cuts, which the Financial Services Union forced the bank to clarify. "Now, we've heard stories about Commonwealth Bank wanting ...

ANZ dismisses alleged job cuts

KARREN VERGARA  |  THURSDAY, 18 APR 2019
... service through the use of technology." The Financial Services Union has not received any confirmation from ANZ about job cuts as yet. Likewise, CBA is under pressure to disclose the extent of its planned job cuts across its branches and technology division ...

CBA owes staff $15 million

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
... that could see up to 10,000 bank staff lose their jobs." When the union sought clarity from Comyn on the alleged planned job cuts, CBA's response was "lame", she said. "CBA has told us media reports that it intended to close 300 branches were 'incorrect' ...

FSU seeks transparency on CBA job cuts

KARREN VERGARA  |  TUESDAY, 16 APR 2019
Commonwealth Bank is under pressure to disclose the extent of its planned job cuts across its branches and technology division, alleged to affect 10,000 employees. The Financial Sector Union said it wrote to CBA chief executive Matt Comyn asking to ...

State Street flags job cuts

JAMIE WILLIAMSON  |  MONDAY, 21 JAN 2019
... cut about 1500 employees in response to challenging market and industry conditions. The news comes hot on the heels of job cuts at BlackRock for similar reasons. The move forms part of a new expense program initiated at the US$2.78 trillion manager. ...

BTFG faces possible union action

JAMIE WILLIAMSON  |  WEDNESDAY, 12 SEP 2018
... FSU urged affected BT Financial Advice and Advice Service Delivery staff to contact the union to discuss the proposed job cuts. BT Financial Advice is currently in consultation with those staff affected, with a final decision expected at the end of the ...