Bank of Queensland (BoQ) is set to cut jobs from its workforce of 2,200 staff as part of a program to reshape its organisational structure to better affect the bank’s strategy. Latest Australian news Australian government announces 5G working group members Australian government’s recklessness with medical data is symptom of deeper problems Turnbull unveils new tech ministers in Cabinet reshuffle ACCC kicks off NBN wholesale service levels inquiry Re-identification possible with Australian de-identified Medicare and PBS open data The regional lender has said it wants to automate some of its manual systems and reduce duplication of staff responsibilities.BoQ’s CEO Jon Sutton said the bank needed to reduce costs in the face of strong competition and market volatility, telling shareholders on Monday that the size and shape of the bank’s business had changed significantly over the last three years as it had grown organically and through acquisition.”We have redefined our strategy over the last 12 months and need to ensure our organisational structure continues to support this strategy,” he said.”We are building a more flexible and efficient operating model, which is increasingly important given the accelerated pace of change in financial services. This will also improve the way we work by… Read full this story
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