India, Oct. 20 -- National Australia Bank Limited (NAUBF,NABZY,NAB.AX) said on Tuesday that it plans to reduce its internal workforce by up to 2,500 roles, or around 6%, in fiscal 2027. This move will include up to 1,500 jobs before the end of 2026. In addition, the lender will also materially reduce its use of consultants and external contractors.
These changes are expected to support National Australia Bank to simplify its operating model and better align its workforce to boost growth.
Subsequently, the bank expects a pre-tax restructuring charge, which includes redundancy, redeployment, and organizational redesign costs, of around A$300 million for fiscal 2027.
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