ANZ to lay off hundreds of employees in Australia

Note: This section contains information in English only.
Source: Marketwatch
Australia and New Zealand Banking Group Ltd. plans to reduce the number of jobs as the bank seeks to cut costs of the Australian operations. ANZ explained the redundancies as an inevitable measure to stay afloat amid difficult economic environment linked to revenue generation and funding costs. The bank did not provide the exact number of job cuts but said it will be near several hundreds.


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