ANZ 0.09% $23.01 australia and new zealand banking group limited

same old strategy,restructure,retrench,costs

  1. 767 Posts.
    seen it before,
    whilst income goes down sharply, expensive staff will be the first to let go.

    roughly per 1,000 staff there will be a saving of at least $90 million p/a.

    expect 4-5 k

    The staff first to go will be top end senior management this time and then middle management to get results to the bottom line.

    when its all settled look for a friendly merger in the same town.

 
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