BNZ at a different restructuring stage to NAB, CEO Healy says

Thu, 02 Nov 2017

By Paul McBeth Nov. 3 (BusinessDesk) - Bank of New Zealand is on a different trajectory to parent National Australia Bank in overhauling its workforce and isn't ready to put a number on the number of jobs affected yet. Melbourne-based NAB wants to generate annual savings of more than A$1 billion by ramping up automation, adopting new digital technologies, making the business simpler, cutting reliance on third parties and reducing its product range. To achieve that, NAB wants to strip out 6,000 jobs while creating 2,000 new ones, meaning...

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