NAB to Cut 410 Support Roles, Shift Some Bank Work to India
National Australia Bank (NAB) is set to cut 410 support roles from its technology and enterprise operations division. The decision comes as the bank aims to shift some of its banking work to India. This move is part of NAB's broader effort to streamline its operations and improve efficiency. The cuts will primarily affect roles in areas such as IT support, data processing, and other back-office functions. The Finance Sector Union has expressed concerns about the job losses and the potential impact on the bank's workforce. NAB has not provided a detailed timeline for the layoffs, but the changes are expected to take place over the coming months. The bank has stated that it remains committed to supporting its employees during this transition period.
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