NAB job cuts spark anxiety for thousands of workers

Key points

• National Australia Bank has announced plans to cut 2500 roles, about six per cent of its workforce, over the full financial year. The bank said 1500 jobs will go before the end of 2026.
• Finance Sector Union national assistant secretary Nicole McPherson said the timing was poor, with many staff already under heavy workloads. Bank chief executive Andrew Irvine said the changes aim to improve efficiency and would not directly affect customer-facing positions.
• Union officials have asked whether artificial intelligence is behind the cuts, and the bank has not yet answered.