LayoffBlog.com

March 30, 2009

Commonwealth Bank’s BankWest to cut 400 jobs in Australia

Australian mortgage services provider Commonwealth Bank of Australia late Sunday announced that it would cut 400 jobs at its wholly-owned subsidiary Bank of Western Australia Ltd or Bankwest across Australia. The bank cited the deteriorating national and Western Australian economies as well as a high cost base as the reason for implementing these job cuts.

According to Bankwest, around 250 back-office support roles on the west coast and 150 on the east coast will be made redundant this year.

Source: RTTNews

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