Commonwealth Bank of Australia cuts 192 back-office jobs, says trade union

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Commonwealth Bank of Australia cuts 192 back-office jobs, says trade union
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CBA told FSU the jobs cuts were due to automation initiatives in the company's retail banking and home lending business, which allowed it to simplify...

- Australia's biggest lender Commonwealth Bank of Australia will cut 192 jobs from its back office operations in Sydney, Melbourne and Perth, including some workers currently employed by BankWest, trade union Finance Sector Union said on Monday.

The latest cuts have brought the numbers of jobs lost at CBA in the past year to 1085, Angrisano said. The latest job cut news comes amid reports of National Australia Bank and Westpac Banking Corp also axing several hundred jobs to navigate a difficult macro economic situation involving high inflation and elevated interest rates.

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