National Australia Bank cuts 410 jobs, to hire in India and Vietnam

Alexia Bădoiu

SYDNEY :National Australia Bank is cutting 410 jobs in its technology and enterprise operations in Australia and creating 127 roles in India and Vietnam, a spokesperson said, confirming cuts first revealed by the country's financial services union. The NAB changes come one day after rival ANZ Group said it would cut 3,500 jobs over the next year as new chief executive Nuno Matos aims to cut duplication and simplify the bank's structure. NAB shares were trading 1.2 per cent higher on Wednesday

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