National Australia Bank: Job Cuts Create Capacity to Invest as Revenue Growth Slows
National Australia Bank plans to cut 2,500 roles, or about 6% of its workforce, in fiscal 2027, including up to 1,500 before the end of 2026. It will also materially reduce its use of consultants and contractors, with an expected restructuring charge of around AUD 300 million pretax in fiscal 2027.