19 July 2018
Visit www.avoka.com

NAB denies reports of wholesale IT job cuts

17 November 2004  |  5120 views  |  0 NAB denies reports of wholesale IT job cuts

National Australia Bank has denied reports that it is to cut 300 IT jobs under a major restructuring plan.

The bank, which last week announced plans to shelve its troubled Integrated System Implementation project at a cost of A$409 million, says it has informed labour unions of a limited number of redundancies.

But the bank has dismissed reports of hundreds of job losses. NAB executives also refuted speculation that the bank was considering offshoring IT work.

Union leaders had sought urgent meetings with the bank following its announcement last week that it would integrate its retail, wealth management and institutional banking businesses into a single geographic unit. Union reps say the bank has given assurances that no more than two dozen IT jobs would be lost under the restructuring.

National Australia Bank currently employs about 2500 IT staff.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

National still haunted by ISI failures

National still haunted by ISI failures

12 May 2004  |  4216 views  |  0 comments
NAB ordered to urgently review IT systems

NAB ordered to urgently review IT systems

24 March 2004  |  5127 views  |  0 comments
NAB purges staff as PwC rogue trading report slams systems and culture

NAB purges staff as PwC rogue trading report slams systems and culture

12 March 2004  |  7495 views  |  0 comments
NAB traders admit to exploiting system flaws

NAB traders admit to exploiting system flaws

30 January 2004  |  5120 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit https://secure.vasco.comVisit info.nice.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
11798 views comments | 5 tweets | 7 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
10035 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9692 views comments | 6 tweets | 15 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9234 views 19 comments | 14 tweets | 30 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
9004 views comments | 9 tweets | 17 linkedin

Featured job

Find your next job