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flag Westpac is cutting 200 in-person banking jobs amid restructuring, sparking union backlash over impacts on vulnerable customers.

flag Westpac is cutting 200 in-person banking jobs over the next year as part of a restructuring tied to shifting investment priorities and evolving skill demands, the bank said. flag The Finance Sector Union (FSU) condemned the move as a "callous and short-sighted" cost-cutting effort disguised as digital transformation, arguing it undermines essential face-to-face banking, especially for vulnerable communities. flag While Westpac stated it is hiring in areas like lending and small business and aims to retain employees through retraining and redeployment, including a new $5 million development fund, the FSU remains skeptical, citing unclear details and questioning the fund’s effectiveness. flag The union insists workers should be reskilled and redeployed, not laid off, and vowed to hold the bank accountable throughout the process.

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