Bank Cuts Continue: 410 NAB Jobs Move Offshore

In addition to those laid off, the jobs of 300 others will be affected, while 127 new roles will be created in India and Vietnam.

A man walks past a branch of the National Australia Bank (NAB) in Melbourne, Australia, on May 6, 2021. William West/AFP via Getty Images

NAB (National Australia Bank) is to cut 410 staff and restructure the jobs of 300 others as it moves 178 roles to India and Vietnam.

This is despite having posted a $1.7 billion (US$1.12 billion) profit in the June quarter, down just 0.7 percent despite fierce competition.