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- 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.
"It is clear that the CBA has no hesitation throwing workers onto the unemployment queue in its relentless campaign to cut costs and boost profits," FSU National Secretary Julia Angrisano said. "As part of our focus on constant business improvement, we regularly review the skills we need and how we organised. That means from time to time some roles and work will change or no longer be required. These decisions are never easy nor are they taken lightly, a CBA spokesperson said in an email, but did not confirm how many jobs would be cut.
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