19 May 2025
CBA axes 163 jobs days after posting $2.6bn quarterly profit
The Commonwealth Bank of Australia (CBA) has told workers it will axe 163…
The wave of jobs cuts continues at CBA, with Australia’s richest bank confirming it will axe a further 119 Australian jobs, with half a dozen impacted by automation.
The FSU understands that a staggering 43 of these cuts will be absorbed by Bankwest, all but confirming that CBA is abandoning customers in Western Australia and is content with shredding the bank’s once respected brand.
Adding salt to the wound in this latest wave of Bankwest cuts is the inclusion of mobile lending managers – who help customers navigate a complex and challenging home loan application process with critical guidance and support.
The cuts come at a time when worker anxiety about job security is at fever pitch.
According to a recent FSU survey, almost three quarters of CBA’s workforce – and an astonishing 85 per cent of Bankwest’s workforce – is unsatisfied with their ongoing job security.
Over half of employees at both banks considered leaving in the past 12 months because of workload pressures and insecurity.
The union is seeking to put job security and protections against offshoring and AI at the heart of the new CBA Enterprise Agreement, which is currently being negotiated.
Quotes attributable to FSU National Secretary Julia Angrisano:
“Still reeling from the 400 job cuts announced mere months ago, CBA employees are now peering down the barrel of another 119 jobs being wiped out, with seemingly no end in sight.
“This time, CBA seems intent on hollowing out its frontline services, including mobile lending managers – the very services that make our banking sector human.
“FSU members spoke loud and clear via a recent survey that things are seriously wrong at CBA – 72 per cent of workers are worried about their ongoing job security, with offshoring and the rapid expansion of artificial intelligence cited as the primary drivers of uncertainty.
“The new CBA Enterprise Agreement is an opportunity for CBA to provide the kind of job security the bank can well afford and which employees are crying out for.”
More information: [email protected] / 0401 738 298
The Commonwealth Bank of Australia (CBA) has told workers it will axe 163…
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