Overview

• The program removes about 8% of ANZ’s roughly 43,000 global staff, with cuts concentrated in Australia.
• Engagements with consultants and third parties will be reduced, affecting about 1,000 managed‑services contractors.
• ANZ expects a restructuring charge of about A$560 million before tax in the second half, with final costs to be confirmed in early November results.
• Management says work that is not a priority will stop and customer‑facing roles will see limited impact.
• Departing staff will receive support as the bank pledges union engagement, keeps Suncorp Bank role commitments, and prepares an investor strategy update in mid‑October.