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ANZ to cut 3,500 jobs as part of revamp
The Straits Times
|September 10, 2025
Australia's ANZ Group said on Sept 9 that it would shed 3,500 jobs by September 2026 as part of a wide-ranging revamp under new chief executive Nuno Matos.
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MELBOURNE -
This is one of the largest rounds of job cuts in the sector in recent years and represents about an 8 per cent reduction of the bank's 43,000 full-time employees.
ANZ said it would also sack 1,000 contractors and review consultants and third-party contractor agreements.
The bank, Australia's fourth-largest by market capitalisation, said the move would simplify operations and reduce duplication.
ANZ is expected to incur a restructuring charge of about A$560 million (S$475 million) before tax in the second half of 2025.
Diese Geschichte stammt aus der September 10, 2025-Ausgabe von The Straits Times.
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