Rumour confirmed: NAB axes 1000 jobs

THE RUMOUR FILE

NAB is sacking 1000 staff, moving on with its promise to cut 6000 jobs over the next three years.

At its 2017 full year result, NAB’s CEO Andrew Thorburn flagged the jobs would go over the next three years.

And after this morning’s contribution to The Rumour File, “Today one of the four banks will be announcing one of the biggest redundancies they’ve ever had” – NAB confirmed they are culling 1000 mostly middle-management jobs.

The bank released a statement saying the job losses are a part of a plan to “reshape its workforce for the future”.

As part of the changes, 6000 people would be leaving the bank, with 2000 new roles being created.

NAB’s Chief People Officer Lorraine Murphy said it was the right move for the business.

“We said we would provide the utmost care and respect for all of our people, this remains our priority.

“There is no doubt that this is the right plan for our business.”