NAB cuts 2,500 jobs: National Australia Bank stock trades at EUR 24.92 ahead of November 5 results

Published on 10/22/2026 at 10:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The restructure includes an AUD 300.00 million pretax charge in fiscal 2027. National Australia Bank stock trades at EUR 24.92 ahead of November 5 results.

Restructuring and upcoming results

NAB plans to remove up to 2,500 roles on October 19, 2026.
The fiscal 2027 restructuring charge is AUD 300.00 million, versus AUD 80.00 million in each of fiscal years 2025 and 2026.
National Australia Bank stock trades at EUR 24.92 at 9:48 a.m. CEST at Lang & Schwarz on October 22, 2026.
Full-year results are scheduled for November 5, 2026.

NAB, AU000000NAB4, Illustration mit AI erstellt.

National Australia Bank (ISIN AU000000NAB4) plans to cut up to 2,500 internal roles as part of a restructuring program, while its stock was trading at EUR 24.92 at Lang & Schwarz on October 22, 2026. According to Reuters on October 20, 2026, the cuts are intended to simplify operations and reduce costs.

Restructure carries a material charge

The planned reduction represents about 6.00 percent of the workforce, with up to 1,500 roles expected to go by the end of 2026. The largest reductions are aimed at corporate functions, while customer-facing banking roles are expected to see no material impact, Reuters reported.

NAB expects a pretax restructuring charge of AUD 300.00 million in fiscal year 2027. That compares with charges of AUD 80.00 million in each of fiscal years 2025 and 2026, according to Reuters.

What does the charge mean for execution?

The immediate cost is concentrated in fiscal year 2027, but the workforce plan is presented as a way to redirect resources toward technology and growth. The timing gives the next results announcement added importance because management is expected to provide more detail on the cost outlook.

Results date sets the next marker

NABs shareholder center lists the 2026 full-year results announcement for November 5, 2026 and shows an interim dividend of AUD 0.85 per ordinary share. The companys third-quarter trading update was dated August 17, 2026, according to National Australia Bank.

Stock price before full-year results

For investors, the key question is whether the restructuring charge can support lower operating complexity without weakening customer growth. The November results should provide the next quantified update on costs, staffing and business performance.

National Australia Bank was trading at EUR 24.92 at Lang & Schwarz on October 22, 2026 at 9:48 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of National Australia Bank stock.