(Reuters) – Australia’s ANZ Group said on Tuesday it plans to cut 3,500 jobs by September 2026 and expects a A$560 million ($368.98 million) restructuring charge in its fiscal 2025 second-half results.
The lender said the move aims to simplify operations, reduce duplication and address internal complexity.
“Our changes also include ending or reviewing our engagements with consultants and other third parties, impacting around 1,000 managed services contractors,” ANZ said in its statement.
($1 = 1.5177 Australian dollars)
(Reporting by Rajasik Mukherjee; Editing by Mohammed Safi Shamsi)