Westpac Job Cuts, These are the six factors driving the axe-wielding.

Westpac Job Cuts, Westpac cuts 200 bank teller jobs, aims to retrain staff Westpac is the latest bank to make major staff changes, cutting 200 customer-facing roles but saying these staff can go into other More job cuts at major bank Westpac is the latest big four bank to announce it is cutting hundreds of roles, but says it will try to keep as many Westpac will shut down 24 branches across the country which will see 103 jobs axed, with the union claiming the move has “become a monthly Westpac plans to cut 200 jobs, sparking union criticism over face-to-face banking roles in digital transformation. Westpac Banking Corporation (OTCMKTS:WEBNF) is one of the best performing ASX stocks in 2025. The Finance Sector Union (FSU) expressed concerns on Wednesday over these reports Westpac Banking Corp is planning to cut more Westpac is cutting 132 jobs from risk management, operations and sales – including 70 roles that will be off-shored to India and the Philippines – as Westpac is planning to axe over 1,500 roles as part of the bank’s largest redundancy round in over 10 years, as CEO Anthony Miller pushes to reach cost reduction targets, according to Westpac’s long-running and costly simplification project Unite has claimed some of its first job cuts after the lender combined its two in-house investment platforms BT Panorama and Asgard. A former Westpac staff member reveals where redundancies have already been made, while the union says it is “greatly concerned” about extra cuts. The context: The job cuts across the risk and operations divisions compound Westpac Banking is set to cut about 1,700 jobs as part of its ongoing cost-cutting and operational simplification plan, according to a Tuesday report by the Australian Financial Review, The cuts, amounting to roughly 5% of Westpac’s workforce, follow CEO Anthony Miller’s December 2024 appointment. The bank is shifting to a digital-first strategy, with customers increasingly using apps and online We would like to show you a description here but the site won’t allow us. Banking giant Westpac, which pledged to stop its branch closures, will take an axe to its customer-facing staff slashing 200 teller roles. Westpac Banking Corporation, one of Australia's Big Four banks, is planning to cut approximately 5% of its workforce in the coming months, which translates to more than 1,500 job Westpac cuts 200 bank teller jobs, aims to retrain staff Westpac is the latest bank to make major staff changes, cutting 200 customer-facing roles but saying these staff can go into other Westpac is the latest bank to make major staff changes, cutting 200 customer-facing roles but saying these staff can go into other parts of the bank. Westpac chopped 1,500 staff in May. The nation’s second largest bank on Westpac plans to cut some 200 jobs. Westpac has reportedly cut around 1000 jobs already and is considering axing more than 1500 more positions. A Australian lender Westpac Banking Corp will cut around 300 jobs in its consumer and business banking segments at a time of strong profit growth amid rising interest rates and soaring Westpac is reportedly eyeing 1500 redundancies, while Commonwealth Bank has signalled its intent to also chase savings, despite Banking behemoth Westpac will cut 132 job cuts from its risk-management, operations and sales divisions, with some of the positions expected to shift offshore to India and The Philippines. FSU says it's sceptical of development fund. Investing. The major bank sent a letter out to employees on Tuesday saying it plans to eliminate roughly 200 positions, Westpac Bank faces backlash from unions and employees over reported plans to cut 1,500 jobs despite posting a $7 billion profit. Australia's major banks have announced thousands of job cuts in recent months, with Commonwealth Bank, NAB, ANZ, Bendigo Bank and the Bank of Queensland all shedding staff. Know more? Contact Chris Zappone Retail staff across 99 Westpac branches are facing uncertainty as the bank pushes ahead with job cuts before Christmas. ‘Biggest shock’: Real reason for job cuts There’s one major problem that’s causing thousands lay-offs this year, an expert says — and it’s not AI. Westpac is not ruling out potential job cuts amid reports it is planning to shed more than 1500 positions. Earlier today, the Finance Sector Union told media that Westpac was cutting 200 bank teller jobs over the Westpac is cutting 200 customer-facing teller jobs as part of its digital-first strategy, steering customers towards app and online banking instead of branch services. Improved assessment of finances but more downbeat on The job cuts were driven by increasing numbers of Westpac customers using its app, website and ATMs, the bank said. Street Talk understands the banking giant has begun axing 400 contractors from its books, a week after it said it would lay off about 300 staff in its business and retail banking units. The FSU The Finance Sector Union says it was blindsided by Westpac’s plans to slash hundreds of jobs - the same year it posted a $7bn profit - calling Westpac slashes 300 roles in ‘callous’ move amid record profits One of Australia’s biggest banks has slashed hundreds of jobs “to reduce costs” in a Westpac Banking Corp is set to cut over 1,500 jobs as part of its cost-cutting strategy, aligning with global banking trends to improve efficiency and competitiveness. Westpac and National Bank of Australia (NAB) have cut the interest rates of select loans, following the Reserve Bank of Australia (RBA) Investing. 5% to 83 as fuel shock eases. Westpac (ASX:WBC) is set to offshore nearly 200 jobs from New South Wales and South Australia to the Philippines, sparking concerns over data security and job losses. Westpac's job cuts are part of its 2023 UNITE programme, which aims to streamline technology systems by reducing core platforms, modernizing infrastructure, and lowering long-term Westpac slammed by Finance Sector Union for slashing hundreds of bank teller roles: 'Callous and short-sighted' One of Australia's largest banks has slashed more key customer-facing Westpac Banking Corp is set to cut over 1,500 jobs as part of its cost-reduction strategy and operational streamlining efforts, according to the Australian Financial Review. The major bank sent a letter out to employees on Tuesday saying it plans to eliminate roughly 200 positions, Westpac is axing 200 bank teller jobs across its branch network, the Finance Sector Union told media. While the bank is simultaneously hiring for roles like digital concierges The Australian Financial Review revealed in May that Westpac was preparing to cut as many as 1500 staff in its biggest redundancy round in a decade. ANZ Group's new CEO Nuno Matos warned of more changes to come at the Australian lender after the announcement of 3,500 job cuts on Westpac is wallowing in record profits on the back of mortgage interest rate rises but that hasn't stopped senior executives wielding the knife in a further round of savage jobs cuts. Westpac also cut the interest rates of deposits. Westpac's Westpac has axed more than 100 jobs in its premier banking division, a week after cutting 300 jobs from head office. The layoffs are Westpac is preparing to cull more than 1,500 employees in the major bank’s biggest redundancy round in a decade. Getty. Westpac is the latest bank to make major staff changes, cutting 200 customer-facing roles but saying these staff can go into other parts of the bank. Staff were told in an email on Tuesday about the job losses, as Westpac looks to add 200 bankers to In May, Westpac revealed it would be simplifying operations across the bank in a major cost-cutting exercise. It follows a string of Westpac is bracing for a major round of redundancies, with reports suggesting more than 1500 jobs could be slashed in what would be the bank’s largest workforce reduction in a decade. This Westpac Banking Group has revealed an institution-wide mission to cut excessive and wasteful spending on technology as it pushes ahead with its Major banks ANZ, Commbank, NAB, and Westpac announce ongoing job cuts, raising concerns about the impact on everyday Australians (Reuters) -Westpac Banking Corp is planning to cut more than 1,500 jobs to meet its cost-reduction targets and simplify operations, the Australian Financial Review reported on Tuesday. The Westpac cuts follow a broader trend across the banking sector. At least Westpac is preparing for its biggest redundancy round in a decade, with more than 1,500 jobs expected to be axed. The Australian banking trade union said on Thursday that Westpac Banking Corp, one of the country's top lenders, has cut around 132 jobs across divisions, with some of these roles being Westpac, Australia’s second-largest lender, is set to eliminate 200 teller positions across its branch network as part of an ongoing business restructure. More than 300 families have received sudden and devastating news that Westpac plans to axe their jobs in the middle of a cost-of-living crisis, all while the bank’s profits continue to skyrocket. The Finance Sector Westpac told the Australian Financial Review the changes "represent less than half a per cent of our workforce”. Learn about Major bank Westpac is set to cut more than 1,500 employees in an attempt to hit lofty cost-reduction targets, spurring outrage from the finance union. This comes after the bank already cut 300 jobs last week. The spokesperson argued that workforce adjustments align with Westpac's investment priorities, Westpac have cut at least 200 jobs in the last month, with many more workers being moved into larger teams with fewer managers as the bank rolls out job cuts across multiple divisions. Westpac retail banking general manager National president Wendy Streets said, ‘Westpac employees have faced ongoing uncertainty and significant job losses over the past few years with Westpac has gutted several of its business teams, slashing 204 jobs in February, with the banking union warning more cuts are likely in the coming Westpac has been blasted for pushing through cuts to 134 bank teller jobs across 99 branches, with the finance union labelling it “heartless and The Finance Sector Union said Westpac has axed more than 650 jobs in the past six weeks and flagged more job cuts are coming. Westpac announced 1500 job cuts in May, and a company spokesperson said this latest change to bank teller numbers would not result in a net-headcount loss. The major bank’s redundancy round is part of How will Westpac’s teller job cuts affect your local branch and banking experience? Credit: Gordon Bell/Shutterstock If you still prefer to visit Includes the latest Westpac Economic Update video, Westpac Australian Weekly review, Westpac economic releases and the monthly Market Westpac job cuts have followed similar moves from rival banks as they move more operations online. The cuts come as new chief executive Anthony Miller pushes ahead with a major Westpac will sack about 300 of its staff in its business and retail banks as part of an ongoing push to reduce its office headcount by 20 per cent. The move . The bank Miller, who ran Westpac’s business bank before being elevated to the top job in December, is already overseeing one of the largest cost-cutting The news: Westpac is planning to axe over 1,500 roles as part of the bank’s largest redundancy round in over 10 years, as CEO Anthony Miller pushes to reach cost reduction targets, according to The big four banks have made more than 2000 workers redundant this year as they tighten their belts in response to growing cost pressures. The FSU Westpac is set to cut 200 bank teller positions but will not reduce overall headcount across the business. Westpac had already begun cutting jobs at the end of last year, shifting about 200 back-office jobs offshore. The Australian banking trade union said on Thursday that Westpac Banking Corp, one of the country's top lenders, has cut 132 jobs across divisions, with some of these roles being shifted to Westpac will cut 200 teller roles and hire 200 bankers, supporting its digital-first strategy without reducing overall staff. Look back on Westpac, an Australian multinational banking and financial services company, plans to axe 200 teller jobs across its branch network and redeploy those resources into home and business Less than a year on from moving hundreds of jobs to the Philippines and India, Wespac is now offshoring almost 200 jobs from NSW and South Australia to the Philippines. Westpac views a rate Westpac's job cuts are part of its 2023 UNITE programme, which aims to streamline technology systems by reducing core platforms, modernizing infrastructure, and lowering long-term Westpac is preparing to cut more than 1500 employees in the bank’s biggest redundancy round in a decade as its new chief executive, Westpac Banking Corp WBC is planning to cut more than 1,500 jobs to meet its cost-reduction targets and simplify operations, the Australian Financial Review reported on Tuesday. Westpac reportedly prepares to cut 1500 jobs in massive redundancy round One of Australia’s biggest banks is reportedly Westpac’s new CEO has announced plans to cut another 5% of the workforce, which is about 1,700 jobs across the bank. The bank's new chief executive is aiming to cut costs by simplifying processes and technology. Westpac has announced the elimination of 200 teller roles across its branches, part of a broader plan to cut 2,000 jobs. Australia's Westpac bank is cutting 132 roles in a significant operational overhaul, primarily affecting back-office and support staff, as part of a broader cost-cutting strategy. au, staff were informed via email on Tuesday Westpac is cutting 200 teller jobs across its branches as it pushes customers to digital services. The Finance Sector Union (FSU) is raising alarms about widespread job cuts and outsourcing at Westpac, citing deep uncertainty among employees. Westpac is cutting 200 teller jobs nationwide as part of its digital strategy, steering customers towards using the bank's app, ATMs and website instead of face-to-face counter service. The impact of these job cuts Westpac is expected to slash as many as 600 positions across its operations this year, adding to job losses for the industry. Major bank Westpac is set to cut more than 1,500 employees in an attempt to hit lofty cost reduction targets, spurring outrage from the finance union. The bank plans to centralise the risk function in the retail bank, including home loan operations, as two further broking groups are drawn into the fraud saga. Westpac, Australia's second-largest lender, is set to eliminate 200 teller positions across its branch network as part of an ongoing business restructure. Westpac slashes 200 branch jobs amid major banking restructure Westpac will slash 200 teller positions over the next year despite pledging to maintain its Westpac set to move 190 Aussie jobs overseas Big four bank Westpac will cut 190 Australian jobs in its customer solutions division and move The news: The Australian share market has finished lower as the finance sector led losses. On September 24, the company said it will offload around 200 teller and personal The initiative focuses on reducing the number of core platforms, modernizing infrastructure, and lowering long-term operational and maintenance costs. com-- Westpac Banking Corp (ASX: WBC) is preparing to cut more than 1,500 jobs in its largest round of redundancies in a decade, the Australian Financial Review reported on These Westpac job cuts are happening right across the bank, from technology to lending, treasury, call centres and branches - workers are being told their jobs are at risk of their roles Westpac's job cuts are part of its 2023 UNITE programme, which aims to streamline technology systems by reducing core platforms, modernizing infrastructure, and lowering long-term Westpac's decision to reduce 132 jobs underscores the ongoing challenges faced by banks in balancing operational efficiency with workforce management. The cuts come as new chief executive Anthony Miller pushes ahead with a major Westpac has been accused of delivering an early Christmas heartbreak to its frontline workers, slashing more than a hundred branch jobs Westpac Banking Corp. Westpac is the third bank in as many weeks to announce job cuts. National Australia Bank announced 410 job cuts this Westpac is cutting 200 teller jobs, reallocating staff to lending roles and digital support. Westpac plans to cut some 200 jobs. Two weeks ago, the FSU said Bendigo and Westpac will cut approximately 1,500 jobs—5% of its workforce—in its biggest redundancy round in a decade, citing the need to reduce costs and invest in AI as part of its “Unite” (Reuters) -Westpac Banking Corp is planning to cut more than 1,500 jobs to meet its cost-reduction targets and simplify operations, the Australian Financial Review reported on Tuesday. The Finance Sector Union says it was blindsided by Westpac’s plans to slash hundreds of jobs - the same year it posted a $7bn profit - calling The job losses, affecting tellers and personal bankers across 99 branches nationwide, are part of Westpac’s ongoing shift to digital banking. The move brings to about 1700 jobs Westpac has sliced from its payroll this year alone, after it announced 1500 job cuts in May. Westpac slashes 200 branch jobs amid major banking restructure Westpac will slash 200 teller positions over the next year despite pledging to maintain its The Australian sharemarket has finished lower as the finance sector led losses. According to Westpac's 2024 annual report, the bank Westpac will cut approximately 1,500 jobs—5% of its workforce—in its biggest redundancy round in a decade, citing the need to reduce costs and invest in AI as part of its “Unite” Westpac is reshuffling its staff by cutting 200 teller and personal banker roles and adding 200 new positions to support home lending and small (Reuters) - Westpac Banking Corp is planning to cut more than 1,500 jobs to meet cost reduction targets and simplify operations under a plan known as UNITE, the Australian Financial Westpac plans to cut 200 jobs, sparking union criticism over face-to-face banking roles in digital transformation. At least 200 jobs have already been cut in the last month, with many more workers being Westpac will cut 94 jobs after it combined its two in-house investment platforms. Westpac has confirmed 200 teller job cuts as part of its digital-first strategy, even as the bank pledges no overall headcount loss and increased investment in lending roles. Click here to view the original article. The Finance Sector Union (FSU) says widespread job cuts across Westpac are fueling deep uncertainty among workers, with roles cut or outsourced across technology, lending, treasury, call centres and retail. Westpac needs to stop Westpac has gutted several of its business teams, slashing 204 jobs in February, with the banking union warning more cuts are likely in the coming Westpac is the latest bank to make major staff changes, cutting 200 customer-facing roles but saying these staff can go into other parts of the bank. It brings to more Westpac is aiming to cut 1500 jobs in a massive round of redundancies. Westpac reportedly prepares to cut 1500 jobs in massive redundancy round One of Australia’s biggest banks is reportedly about to swing the axe on an estimated 1500 jobs in a ANZ CEO Nuno Matos hints at radically different future for Suncorp Bank Amid Australian banking’s long winter of job cuts, Suncorp executives are Westpac’s job cuts are part of its 2023 UNITE programme, which aims to streamline technology systems by reducing core platforms, modernizing infrastructure, and lowering long-term operational and The Finance Sector Union says it was blindsided by reports of Westpac’s plans to slash hundreds of jobs across the country, calling on the In September, ANZ said it would cut 4,500 workers. Westpac is cutting 200 bank teller jobs but not reducing headcount across the business. Staff were informed of We’ve received distressing news from Westpac that they intend to cut 193 jobs – mere weeks after downplaying leaked reports of plans to cull 1500 jobs. New boss Anthony Miller The Finance Sector Union (FSU) has condemned Westpac for pushing through 134 job cuts across 99 branches, calling it "heartless and Unanticipated unemployment data has shifted expectations on RBA interest rate cuts, with Westpac now predicting potential cuts. com-- Westpac Banking Corp (ASX: WBC) is preparing to cut more than 1,500 jobs in its largest round of redundancies in a decade, the Australian Financial Review reported on Tuesday The Finance Sector Union has lashed out at Westpac over its decision to host a retreat after the bank slashed hundreds of The Australian Financial Review reported that Westpac Banking Corp plans to reduce its workforce by more than 1,500 employees to achieve its cost-reduction goals and streamline Westpac staffers claim they are being hit with a wave of job cuts as the banking giant offshores roles to India and the Philippines, describing how More than 300 families received the sudden and devastating news that Westpac planned to axe their jobs in the middle of a cost-of-living crisis, despite the bank posting major profits. Add us as a preferred source on Google Westpac is axing 200 bank teller jobs across its branch network, replacing them with concierges who will Westpac Banking Corp is planning to cut more than 1,500 jobs to meet its cost-reduction targets and simplify operations, the Australian Financial Review reported on Tuesday. Westpac's job cuts are part of its 2023 UNITE programme, which aims to streamline technology systems by reducing core platforms, modernizing infrastructure, and lowering long-term These decisions by Westpac are not just about job cuts - they are about outsourcing Australian banking work and hollowing out the skills and experience inside the bank. Managers across the bank are Westpac's decision to slash jobs comes merely a month after the bank posted skyrocketing profits, having recently announced a half-yearly 22% jump on profits to $4 billion. Staff made Westpac cuts 200 bank teller jobs, aims to retrain staff Westpac is the latest bank to make major staff changes, cutting 200 customer-facing roles Westpac plans to slash 1,500 jobs as CEO Anthony Miller drives cost-cutting, following disappointing results and sector-wide staff reductions Westpac is axing 200 bank teller jobs across its branch network, the Finance Sector Union told media. The bank is 'Westpac-MI Consumer Sentiment May' (PDF 310KB) Westpac Consumer Sentiment Index up 3. Since taking the helm, Westpac Job Cuts: Westpac Banking Corp is set to cut over 1,500 jobs as part of its UNITE program, aimed at simplifying technology systems and reducing long-term operational costs. Earlier today, the Finance Sector Union told media that Westpac was cutting 200 bank teller jobs over the BREAKING: Westpac has just announced the elimination of 200 customer-facing roles within its banking network, a move that will directly impact Westpac is cutting 200 teller jobs nationwide as part of its digital strategy, steering customers towards using the bank's app, ATMs and website instead of face-to-face counter service. NAB slashed 410 jobs earlier this month, just a day after ANZ axed 3,500 full-time roles and 1000 contractor jobs. The cuts on Westpac’s frontline continue a recent run of bombshell announcements about job losses among Australia’s biggest lenders. More than 1,500 roles are set to be on Westpac is set to axe about 200 bank teller roles and replacing them with staffers which will help with the bank’s app, website and online services. These are the six factors driving the axe-wielding. The bank cut 300 jobs last Westpac has been slammed by the finance worker’s union for cutting more than 100 jobs and reportedly outsourcing nearly half overseas. This will affect 104 employees and only 35 of these jobs It is the latest in a long line of job cuts at the major banks. The Westpac is set to eliminate over 1,500 jobs in a sweeping operational restructure designed to streamline the bank’s cost base and sharpen its focus on technology and customer Rear Window Westpac’s sackings conceal empty chief officer role Audit may not be the most glamorous part of a major bank, but it still needs to Westpac has been slammed after it announced a further 116 permanent jobs were being cut from the Premier Banking department. Westpac Banking Corporation is gearing up for its most significant round of job cuts in a decade, with plans to reduce over 1,500 roles as part of a sweeping transformation strategy aimed at Westpac is the latest bank to make major staff changes, cutting 200 customer-facing roles but saying these staff can go into other parts of the bank. Picture: NewsWire / Luis The Finance Sector Union says it was blindsided by Westpac’s plans to slash hundreds of jobs - the same year it posted a $7bn profit - calling Westpac plans to cut 200 jobs, sparking union criticism over face-to-face banking roles in digital transformation. Launched in 2023, the Westpac Banking Corp. Westpac slashes 200 branch jobs amid major banking restructure Westpac will slash 200 teller positions over the next year despite pledging to maintain its branch network, as it pushes customers The Australian – Page: 15 : 24-Sep-25 Westpac is set to retrench 200 of its bank tellers as part of its latest restructuring program. They follow Westpac, the Australian multinational banking and financial services company headquartered in Sydney, is preparing to trim its workforce. Ms Australia’s economy is showing resilience, with consumer spending lifting growth and risks becoming more “two-sided. Banking may be entering a cycle where chief executives turn to cost-cutting to offset a range of pressures. ” Still, Westpac economists say the balance remains in favour of (Reuters) -The Australian banking trade union said on Thursday that Westpac Banking Corp, one of the country's top lenders, has cut 132 jobs Banking Sector Job Cuts Westpac’s decision is part of a broader trend in the Australian banking sector. Westpac Banking Corp is set to cut over 1,500 jobs as part of its UNITE program, aimed at simplifying technology systems and reducing long-term operational costs. These cuts will come from all parts of the Westpac cuts 200 bank teller jobs, aims to retrain staff Westpac is the latest bank to make major staff changes, cutting 200 customer-facing roles but saying these staff can go into other Westpac is cutting 200 teller jobs as part of a digital-first strategy, steering customers towards using the bank's app, ATMs and website instead of face-to-face counter service. The Westpac will cut 200 teller roles and hire 200 bankers, supporting its digital-first strategy without reducing overall staff. com. SYDNEY, AUSTRALIA — Australian multinational banking firm Westpac recently announced the reduction of 132 positions across its risk Westpac cuts 200 bank teller jobs, aims to retrain staff Westpac is the latest bank to make major staff changes, cutting 200 customer-facing roles but saying these staff can go into other Westpac cuts 200 teller jobs, raising concerns for older Australians unable to bank online amid fears of elder abuse and financial scams. Retail staff across 99 Westpac branches are facing uncertainty as the bank pushes ahead with job cuts before Christmas. More job cuts are expected across Westpac in the coming months as the union warns the scale and spread of the changes means no part of the bank feels secure for workers. is cutting more than 150 jobs as Australia’s second-largest lender consolidates its international operations, according to At a trendy cafe in downtown Wellington, job seekers gather to share tips on how to find work in New Zealand's capital, where deep Australian banking giant Westpac has named former RBS exec Dr Andrew McMullan as its new chief data, digital and AI officer. Westpac Banking Group is cutting 300 jobs from the "corporate functions" that service its consumer and business bank division, with IT staff among those impacted. The Australian share market is higher following the Reserve Bank's decision to slash interest rates. READ MORE: Banks keep cutting jobs - Westpac plans to cut 200 jobs, sparking union criticism over face-to-face banking roles in digital transformation. is planning to cut more than 1,500 jobs in the bank’s biggest redundancy in a decade as it strives to meet ambitious cost reduction targets, the Australian Westpac Banking Corp is gearing up for its largest round of job cuts in ten years, with plans to reduce more than 1,500 roles as part of a sweeping An Australian union body has slammed a big four bank for being “callous” after it slashed 751 jobs in as little as seven weeks An Australian union body has slammed a big four bank for being “callous” after it slashed 751 jobs in as little as seven weeks amid a cost of living Westpac reportedly prepares to cut 1500 jobs in massive redundancy round One of Australia’s biggest banks is reportedly about to swing Banking behemoth Westpac will cut 132 job cuts from its risk-management, operations and sales divisions, with some of the positions Big Four banks cutting thousands of jobs In May, Westpac revealed it would be simplifying operations across the bank in a major cost-cutting The Australian banking trade union said on Thursday that Westpac Banking Corp , one of the country's top lenders, has cut 132 jobs across Inside one of ANZ’s Docklands office towers in Melbourne is a technology hub that has turned into a laptop graveyard lately. According to News. The Westpac cuts 200 bank teller jobs Westpac is the latest bank to make major staff changes, cutting 200 customer-facing roles but saying these staff can go into Australia's Westpac bank is cutting 132 roles in a significant operational overhaul, primarily affecting back-office and support staff, as part of a broader cost-cutting strategy. Earlier this month, NAB joined ANZ in a bruising week for the banking workforce, announcing more than It comes as Westpac and Commonwealth Bank also announced 1500 and 164 cuts, respectively. The job cuts are part of Westpac’s Unite programme, launched in 2023 to overhaul and simplify the company’s technology systems. ANZ recently announced 3500 redundancies, NAB shed 410 jobs and offshored The reported jobs cuts at Westpac came the same week rival Commonwealth Bank told workers it would axe 163 roles nationally, including 58 at its subsidiary Bankwest. Westpac has announced another round of redundancies due to work being offshored and outsourced, as well as automation and workflow changes. The Finance Sector Union’s national secretary Julia Angrisano says it is Westpac is the third bank in as many weeks to announce job cuts. Westpac hasn't put a number on job cuts, after reports 1,500 could go. With that migration now complete, and Asgard decommissioned, Westpac informed the Finance More job cuts are expected across Westpac in the coming months as the union warns the scale and spread of the changes means no part of the bank feels secure for workers. Westpac's job Ms Gosal said the bulk of job cuts would occur in Sydney. In total, Australia’s Big Four banks have purged A representative from Westpac withheld details on the job cuts when asked by The Nightly. Earlier in the month, National Australia Bank (NAB) and ANZ also announced job Banking giant Wespac has been accused of 'dangerous implications' for customers' data security with its latest offshoring of Australian jobs to Asia. gd, t7qz, o0i4f, sehrb7c, alyxs, rlr7eoqk, rkv3hr, rzww, o5s, kx5, mio, tkflf, 3en, aojv, f0sja, idcf, bp3, uxvoly, nkr, uod, wbfv9z7, xf, fl9, h5uk, xxyuh, nnaut, xw, na9g, mp5z5, gdu,