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.
Rex Widerstrom
Author
Rex Widerstrom is a New Zealand-based reporter with over 40 years of experience in media, including radio and print. He is currently a presenter for Hutt Radio.
