With about 5000 jobs already cut by ANZ and National Australia Bank this week, the union said Bendigo was slashing 145 jobs from its technology division while eliminating another 13 in mortgage help.
NAB is the latest bank to confirm it is joining the cull, after ANZ revealed it was slashing 3500 jobs and 1000 contractors but this is only the beginning.
Metcash has flagged an additional $19 million in costs across its supermarkets, liquor and hardware divisions, which the IGA supplier expects will weigh on half-year profits.
The jobs crisis in Australia’s banking sector has deepened, with more than 400 roles axed by a Big Four bank just a day after another rival announced sweeping layoffs.
Anglo American has agreed to acquire Canada’s Teck Resources, creating a more than $US50 billion company in one of the biggest mining deals in over a decade.
Gold extended an epic 12-month bull run to a record high on Tuesday, driven by US policies that encourage investors to seek alternatives to the US dollar.