Westpac aiming to make more than 1500 employees redundant
Westpac is aiming to cut 1500 jobs in a massive round of redundancies.
The bank’s new chief executive is aiming to cut costs by simplifying processes and technology.
Managers across the bank are being asked to reduce their teams by five per cent over the coming months.
Westpac investors say they have been disappointed with the first-half yearly results as the bank targets the competitive business-lending market.
