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CBA acknowledges they got it wrong, then announces 108 job cuts

Following our, CBA has admitted they got it wrong when they tried to outsource jobs to India and replace 45 roles with AI.

Importantly, CBA has agreed to review its approach to consultation, including the information it provides, and to work with us to ensure that consultation is genuine.

While this is a positive development – and we’ll certainly engage with CBA on this – we are continuing to see further proposed job cuts.

Just before CBA’s Annual General Meeting last week, the bank announced a further 108 roles would be cut across various divisions and teams, with consultation to remain open until 29 October.

CBA has made clear that these cuts are not due to offshoring or AI.

Areas impacted include Institutional Banking and Markets, the Chief Operations Office and Learning, with the majority in Retail Banking Services.

Yes, I’m impacted by these cuts

Our advice to anyone impacted by these proposed job cuts is to engage in the consultation process – ask the bank questions about their proposal, how this will impact you, and what measures they will take to ensure these impacts are minimised. Remember to put this in writing.

If you do not believe you have sufficient information or time for genuine consultation, tell the bank and ask for information and more time.

Remember, you have rights and entitlements, and our union will ensure your voice is heard during this process. Please contact our Member Rights Centre on 1300 366 378 if you require urgent advice or assistance.

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