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BRIEF-National Australia Bank sees net reduction in staff currently targeted at about 4,000 by FY20
November 1, 2017 / 9:33 PM / 22 days ago

BRIEF-National Australia Bank sees net reduction in staff currently targeted at about 4,000 by FY20

Nov 2 (Reuters) - National Australia Bank Ltd

* “Expects to create up to 2,000 new jobs by FY20”

* Sees net reduction in staff currently targeted at about 4,000 by end of FY20

* FY18 expenses are expected to grow 5-8%, with expenses then targeted to remain broadly flat over FY19-20‍​

* Sees 1H18 restructuring provision of $0.5-0.8 billion

* “Believe labour market in Australia will strengthen enough to allow RBA to remove some of the emergency stimulus currently in place”‍​ Source text for Eikon: Further company coverage:

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