According to people familiar with the matter, National Australia Bank will cut jobs in corporate and institutional business departments and restructure some positions. People familiar with the matter said the Melbourne-based bank plans to streamline its workforce by integrating sponsorship and sales-related positions, including customer relationships, loan syndication and underwriting, and debt capital market positions. Since non-public information was involved, people familiar with the matter requested anonymity. One of the people familiar with the matter said that the company will also set up some new positions. It's unclear how many employees will leave the workforce as a result of these changes.

According to people familiar with the matter, National Australia Bank will cut jobs in corporate and institutional business departments and restructure some positions. People familiar with the matter said the Melbourne-based bank plans to streamline its workforce by integrating sponsorship and sales-related positions, including customer relationships, loan syndication and underwriting, and debt capital market positions. Since non-public information was involved, people familiar with the matter requested anonymity. One of the people familiar with the matter said that the company will also set up some new positions. It's unclear how many employees will leave the workforce as a result of these changes.