🔴 National Australia Bank is trading 3.33% down today after plans to cut up to 2,500 roles

National Australia Bank is trading at A$38.57, down 3.33%, after announcing plans to cut up to 2,500 roles.

• The cuts represent around 6% of its workforce by FY2027, with up to 1,500 roles expected to go by the end of 2026.
• The restructuring also targets lower use of consultants and contractors and carries about A$300 million in costs.