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Showing 31 - 40 of 109 results for "Job cuts"

ANZ, NAB bottom lines take a hit

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... first tranche. NAB announced it will be hit with $755 million of restructuring costs, primarily related to staggered job cuts over the next three years. It announced in November 2017 that 6000 employees will be made redundant in place of 2000 newly created ...

Siri and Alexa: The future of banking?

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2018
... Customers will need to determine how much data they really want to share," he said. In November 2017 NAB announced about 4000 job cuts as part of a strategy to further automate its business, introducing 2000 new, tech-based roles focused on artificial ...

NAB hastily recruits after announcing job cuts

JAMIE WILLIAMSON  |  FRIDAY, 10 NOV 2017
... deliver our plan." It remains to be seen how many of the 2000 roles will be filled by NAB staff impacted by the planned job cuts, though NAB did say it was open to retraining those staff that had the aptitude and were willing. The Finance Sector Union ...

More clarity needed on NAB redundancies

JAMIE WILLIAMSON  |  FRIDAY, 3 NOV 2017
... lack of detail provided around plans to cut almost 20% of its staff by 2020. The FSU responded to the news of planned job cuts by demanding urgent talks with NAB chief executive Andrew Thorburn, labelling the announcement as disappointing off the back ...

NAB to simplify operations via job cuts

JAMIE WILLIAMSON  |  THURSDAY, 2 NOV 2017
... highlighted the bank will happily retrain those who have the aptitude and commitment to do so, though he said that many of the job cuts will be in more 'traditional' areas of the bank. At the same time, Thorburn announced the opening of 10 new branches ...

ING investment in digital to see 5800 job cuts

KERRIE SYDEE  |  TUESDAY, 4 OCT 2016
ING Group has announced it will be cutting 5800 jobs in Europe as the bank seeks to reduce costs and invest further in its digital transformation. Speaking at the ING Group Investor Day in Amsterdam, chief executive Ralph Hamers announced an investment ...

YBR wealth restructure sees multiple job cuts

KERRIE SYDEE  |  WEDNESDAY, 3 AUG 2016
Yellow Brick Road will transition to a franchise model and consolidate staff members as the company shifts focus towards increased productivity and adviser recruitment. In a statement, YBR said the changes follow the acquisition of Resi Mortgage Corporation ...

Australia a priority for HSBC despite job cuts

LAURA MILLAN  |  WEDNESDAY, 10 JUN 2015
HSBC said Australia is a priority market, but has not confirmed if the decision to cut 25,000 jobs globally will affect the business down under. The group confirmed that it wants to reduce its risk weighted assets by 25%. To achieve that, it will sell ...

Market to open flat

AAP  |  WEDNESDAY, 10 JUN 2015
... Shares in bank giant HSBC slumped 0.94 per cent to close at 613.70 pence in London, as investors also digested drastic job cuts aimed at saving up to $US5.0 billion in annual costs by late 2017. Athens meanwhile submitted new reform proposals to the ...

Uncertainty over JPM job cuts in Australia

LAURA MILLAN  |  FRIDAY, 29 MAY 2015
... when asked to comment on information published by the Wall Street Journal that the investment bank is considering 5,000 job cuts to its global business. The spokesperson noted that JPM has been making local senior hires in the last few weeks, including ...