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NAB to cut 2,500 jobs by 2027
National Australia Bank's "MEB" has announced plans to cut up to 2,500 jobs by 2027, representing approximately 6% of its workforce, in order to streamline its operating model and achieve greater efficiency. The changes include reducing 1,500 positions before the end of 2026, with restructuring costs estimated at AUD 300 million in 2027, and involve decreasing reliance on external contractors. The aim of these measures is to improve productivity and risk management, increase investment capacity to expand lending and investment services, noting that the bank had 41,880 employees as of September 2025.
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