Westpac proposes 102 job cuts: stock pre-market at EUR 21.91
Published on 10/13/2026 at 08:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Westpac confirmed a restructure affecting 174 positions.
- The proposal includes 102 redundancies and 72 role moves.
- Lang & Schwarz showed EUR 21.91 pre-market on October 13, 2026.
Westpac confirmed on October 12, 2026, that a proposed restructure affects 174 positions across its Risk, Institutional Banking and Finance teams, including 102 proposed redundancies and 72 roles expected to move, according to HRD Australia. Westpac stock was at EUR 21.91 at Lang & Schwarz at 8:35 a.m. CEST on October 13, 2026.
Pre-market indication
Lang & Schwarz showed a bid of EUR 21.81 and an ask of EUR 22.02 for the stock. The quote was recorded before the 9:00 a.m. CEST Xetra open. The further course from the Xetra open at 9:00 a.m. CEST is shown by the continuously updated real-time quote of Westpac stock.
What matters today
The Reserve Bank of Australia’s September-meeting minutes are due on October 13, 2026, at 11:30 a.m. Sydney time, according to InvestingLive. A round-number level of EUR 22.00 is EUR 0.09, or 0.41 percent, above the Lang & Schwarz price. Finance data listed Westpac’s price-to-earnings ratio at 17.32 as of October 13, 2026.
Workforce response
A Westpac spokesperson said the bank would seek to retain employees wherever possible through retraining and redeployment, while stating that workforce changes reflect investment priorities and evolving customer needs, HRD Australia reported.
Market context: Market report S&P/ASX 200.
