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flag ANZ Bank plans to cut 4,500 jobs in Australia to streamline operations and compete better.

flag Australia's ANZ Bank, under new CEO Nuno Matos, plans to cut 3,500 jobs and 1,000 contractor roles to streamline operations and compete better with rivals. flag This restructuring, expected to cost A$560 million, aims to reduce duplication and focus on core priorities, with most customer-facing roles unaffected. flag The Finance Sector Union criticized the cuts, questioning who will do the work of those laid off. flag ANZ shares initially rose but ended slightly lower.

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