The Finance Sector Union (FSU) says NAB’s decision to cut 410 jobs just a day after ANZ axed 3,500 proves banks are moving in lockstep against workers.
The bank is cutting its technology and enterprise operations division that will see 728 workers impacted, including a permanent cut of 410 jobs.
At the same time, the bank intends to establish 127 new roles in India and Vietnam, shifting work performed in Australia overseas.
The job losses come despite NAB reporting billions in profit. Workers face uncertainty about their futures while profitable banks replace workers in secure jobs with offshoring and automation.
The FSU say they will fight NAB’s cuts as fiercely as it is fighting ANZ and CBA, demanding accountability and secure, local jobs.
Finance Sector Union National President Wendy Streets said:
“Two banks in two days slashing jobs, it’s shameful. This isn’t one rogue bank, it’s the whole sector driving the same agenda at the expense of workers and communities.
“It is a betrayal of 728 workers and their families. Profits in their billions, jobs in the bin, banks are showing open contempt for their own people.
“Cuts this deep don’t just hurt staff they hollow out services for customers and communities who rely on NAB.
“First ANZ, now NAB. One after the other, banks are swinging the axe. These cuts are destructive to the people who make the banks’ success possible.”
Media contact: Kate Shuttleworth – 0447 418 726 or [email protected]
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