National Australia Bank is set to cut around 170 roles as part of a restructuring exercise tied to its growing offshore operations in markets such as India and Vietnam.
The changes are focused on its business banking division, where several roles are being reconfigured. While some new positions are expected to be created locally, the overall outcome will result in a net reduction in domestic jobs.
At the same time, the bank is expanding its offshore workforce to support operations and enhance cost efficiency, with global teams increasingly integrated into core business functions.
The move reflects a broader trend in the banking sector, where institutions are leveraging international talent pools and operational hubs to streamline costs while adapting to evolving business demands.
Source – https://www.bwpeople.in/article/nab-to-cut-170-jobs-amid-offshore-expansion-599524