, at a time when the bank’s bottom line has been benefiting from rising interest rates and low bad debts.A CBA spokesman confirmed there had been consultation about job cuts and did not dispute that 251 positions could be affected, but he said some of the people in these roles could possibly be redeployed elsewhere at the bank.
“The jobs being lost are specialists across a range of areas and it is hard to believe that the bank can afford to lose so many experienced staff at the same time that it has a significant overwork problem across the organisation,” Angrisano said.staff which will ultimately impact on customers.” “As part of our focus on business improvement, we regularly review the skills we need and how we are organised. That means from time to time some roles and work can change or may no longer be required,” he said.CBA did not provide details of why the jobs were being cut, but the increasing digitisation of finance has prompted banks to remove some back-office jobs. Last month, the union said Westpac had also cut several hundred positions.