# NAB to cut 2,500 jobs in major restructure

https://mins.news/en/item/107078

- The Guardian, 2026-10-20 00:58 UTC
- Economy
- Original: https://www.theguardian.com/australia-news/2026/oct/20/nab-bank-restructure-2500-jobs-cuts

> National Australia Bank will eliminate 2,500 jobs, or 6% of its workforce, with most cuts due before year-end. The bank cited economic challenges, competition and rapid technological change, saying the restructure would reduce duplication and speed decisions. A union official warned the cuts would intensify workloads and anxiety among staff.

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