<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The </span><a href="https://www.9news.com.au/nab" rel="" target="" title="National Australia Bank"><span>National Australia Bank</span></a><span> is set to slash 170 </span><a href="https://www.9news.com.au/jobs" rel="" target="" title="jobs"><span>jobs</span></a><span> as it adds roles in </span><a href="https://www.9news.com.au/vietnam" rel="" target="" title="Vietnam"><span>Vietnam</span></a><span> and </span><a href="https://www.9news.com.au/india-news" rel="" target="" title="India"><span>India</span></a><span>, amid its ongoing restructuring.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>A total of 447 jobs are set to be cut, with 277 new roles set to be created in </span><a href="https://www.9news.com.au/national" rel="" target="" title="Australia"><span>Australia</span></a><span>, bringing a net total of 170 redundancies.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>At least 237 new roles are also set to be created at NAB's offshore centres in both India and Vietnam.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>LIVE UPDATES:</span></strong><span> </span><a href="https://www.9news.com.au/national/us-israel-iran-war-live-updates-march-26-donald-trump-latest-world-news-headlines/b0bfd66d-90f4-4ec6-9124-cdab59a04c62" target="_blank"><strong><span>Iran dismisses US ceasefire plan, issues its own counterproposal</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>While NAB has not confirmed which jobs will be cut, the decision is part of the major banks' strategy to modernise their workforce, creating new roles in Australia and overseas.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>In a quarterly business survey released today, the bank announced that business confidence has fallen to a 15-month low due to the intensification of costs and labour. </span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Wage costs were cited as the biggest issue affecting business confidence, with labour being reported as a significant constraint by several firms.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/nab-announces-170-more-job-cuts-creating-more-roles-overseas/2fabef4d-8319-4fff-84ef-cab1b3a563ce" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Wage costs remained the biggest issue affecting business confidence, and the share of firms reporting labour as a significant constraint rose in the quarter, highlighting that the labour market has remained tight to start 2026," NAB Head of Australian Economics, Gareth Spence, said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Nine.com.au have reached out to NAB for comment. </span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><em><span>More to come. </span></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><em><span>NEVER MISS A STORY:</span></em></strong><span> </span><em><span>Get your breaking news and exclusive stories first by following us across all platforms.</span></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><strong><em><span>Download the 9NEWS App here via</span></em></strong><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="_blank"><strong><em><span>Apple</span></em></strong></a><span> </span><strong><em><span>and</span></em></strong><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1" target="_blank"><strong><em><span>Google Play</span></em></strong></a></li><li><strong><em><span>Make 9News your preferred source on Google by</span></em></strong><span> </span><a href="https://9.nine.com.au/8x987w" target="_blank"><strong><em><span>ticking this box here</span></em></strong></a></li><li><strong><em><span>Sign up to</span></em></strong><span> </span><a href="https://login.nine.com.au/edm?client_id=nineatnine" target="_blank"><strong><em><span>our breaking newsletter here</span></em></strong></a></li></ul></div></div>