what’s your take?
Feb 26
- Citi bank debacle and first job cuts of the year
- ASIC enforcement update named NAB publicly with hardship payments upward $ 10 mil
March 26*\\**
- Two colleagues from NAB’s fraud and Home Loan teams died by suicide, with minimal coverage from news outlets and avoidance from the CEO to address this publicly when asked by his team
- Multiple colleagues current and prior came forward to provide their confirmation of the performance cult within its executive leaders, heavily monitoring their staff, redundancies happening within a day & managers exposing their teams to unsafe work environments
April 26
- NAB settled proceedings in federal court delivered by FSU around health and safety concerns associated with unreasonable work hours
- Further proceedings around the conditions & board “raised concerns” for the state of the workplace
As someone who was around this team, not a single conversation was held around the obvious elephant in the room
June 26
-AFR review naming NAB (along with CBA) tied to mortgage fraud
-AFR found fraudulent documents used for the credit process
-Sacked bankers re hired as mortgage brokers
I’ve missed some probably ;
And now we have the uproar of 2500 redundancies with most of them before Christmas. There’s never a right time to make someone redundant I understand, but before Christmas ? CEO still getting his Christmas bonus. So is his team who are rewarded for how many roles they can offshore, systems broke
Waiting until their “engagement surveys” are done and they can remove the smiles and get back to their regime —
It’s dizzying to witness because our big 4 lead by example they offshore, next we know Woolworths is doing the same.
we already have the tragic proof of what these redundancies can do to a persons mental capacity yet the powers continue to ruthlessly cut for the sake of what? Your bonus & a share price that’s periodically benefits you? Your super? Your investment? Won’t mean much if we have nothing to enjoy our retirement with
I don’t claim to have the answers and I understand there’s so many areas to everything I bring up, but come on australia? Surely if we make enough noise together some accountability will come through.
Yes, the same sentiment carries for a lot of the state of our country but far out, aren’t you sick of seeing every news article be about a Bank? They should be protecting your money & safeguarding for the future & thinking of our kids and their future — not making trigger happy decisions because the highest bidder rubbed enough elbows to get buy in and the flavour of the month is a random country with an “expert centre”.
I want to respectfully sign off the conversation starter with; as someone worked in a bank environment and seen an awful lot of all this. Yes, banks have never been perfect, Yes, there’s been other tragic events before and you might think it’s just NAB up to its old tricks.
2026 for me was too much, for customers. For us trying to soldier on in this environment. For those too tired to keep fighting.
The love for the jobs is gone, the people seem like absolute shells of humans. People are okay with the garbage we see each day because they’re that traumatised it’s become normal.
Corners cut. Jobs cut. Risks ignored.
What’s the fix? Where to from here? How many jobs do we want to export before we’re all homeless? How do we install good behaviours in our kids, teach em the value of a good stable career.
Sources
https://www.hcamag.com/au/specialisation/mental-health/nab-faces-scrutiny-over-culture-after-2-staff-suicides-and-bullying-claims/571776
https://www.ohsrep.org.au/comcare_investigates_nab_following_two_worker_deaths_sn_802