Business
NAB staff in firing line as bank pushes ahead with restructure amid pandemic – Sydney Morning Herald
National Australia Bank is axing hundreds of positions as it remodels itself while coping with the financial fallout from COVID-19.
“I’m aware that this creates anxiety and is impacting our colleagues,” Mr McEwan said. “My ask of everyone, and particularly of our people leaders, is to do this with care, compassion and support and as quickly as possible to provide our colleagues with certainty in what is an incredibly uncertain world.”
The coronavirus pandemic has intensified pressure on bank profitability, as interest rates have been slashed to near zero, squeezing returns, while lenders have also allowed tens of thousands …
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