NAB plans 2,500 job cuts. NAB stock costs EUR 25.64 at AUD 127.6 billion value

Published on 10/26/2026 at 09:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NAB flagged an AUD 300 million restructuring charge for fiscal 2027. NAB stock costs EUR 25.64 on October 26, 2026, at AUD 127.6 billion value.

Restructuring and dates

NAB announced up to 2,500 job cuts on October 20, 2026.
The restructuring charge is AUD 300 million in fiscal 2027.
NAB stock traded at EUR 25.64 at 9:03 a.m. CET at Lang & Schwarz on October 26, 2026.

NAB, AU000000NAB4, Illustration mit AI erstellt.

NAB (AU000000NAB4) plans to cut up to 2,500 jobs and book an AUD 300 million pretax restructuring charge in fiscal 2027. The announcement dated October 20, 2026, puts operating efficiency ahead of workforce expansion as the lender reviews its corporate functions.

ABC News reported that up to 1,500 roles are planned for elimination before the end of 2026, with the full reduction reaching 2,500 positions by mid-2027. Chief executive Andrew Irvine said customer-facing banking roles would be materially unaffected.

What does the restructuring cost mean?

The AUD 300 million charge is the immediate financial cost of the overhaul, while the bank expects simpler decision-making and lower reliance on consultants and contractors. Morningstar wrote on October 22, 2026, that cost savings could help protect profitability, but execution risks remain in business banking.

NAB events show a changing cost base

The recent sequence began with the first-half 2026 result on May 4, when net income was AUD 2.750 billion versus AUD 3.407 billion a year earlier, according to RTTNews. On August 17, third-quarter net profit reached AUD 1.81 billion, up 9.00 percent year over year, before the October 20 workforce announcement.

When are the next results?

NAB's next scheduled reporting date is November 5, 2026, when the bank is due to announce its fiscal 2026 full-year results, according to the company's shareholder centre. That release should show how management's cost plan fits with earnings, capital and credit trends.

Stock price and market value

NAB stock traded at EUR 25.64 at Lang & Schwarz on October 26, 2026, at 9:03 a.m. CET. The Australian listing was last at AUD 41.00 on October 26, 2026, and the bank's market capitalization was AUD 127.6 billion; its 52-week range was AUD 35.48 to AUD 49.45.

The further course of trading is shown by the continuously updated real-time quote of NAB stock.