<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The </span><a href="https://www.9news.com.au/commonwealth-bank" rel="" target="" title="Commonwealth Bank"><span>Commonwealth Bank</span></a><span> is expected to cut 300 </span><a href="https://www.9news.com.au/jobs" rel="" target="" title="jobs"><span>jobs</span></a><span>, a move slammed by the union as "totally unacceptable" in the wake of $5 billion in half-yearly profit.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>CBA chief Matt Comyn announced today a $90 million Future Workforce Program to up-skill employees and help the bank prepare for change, in particular due to the impact of AI.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Australia has to get really good at adopting this technology and whatever follows it," Comyn said.</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>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/victorians-warned-to-brace-for-a-soaking-with-thunderstorms-flash-flooding-forecast/f1ec6a48-d4a2-4ae8-acfc-f4a86ae802a8" target="_blank"><strong><span>Melbourne hit with flood warnings as 70mm forecast in Victoria</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/trump-tower-on-gold-coast-australia-petitions-launched-in-response/83f92312-b767-4d78-8530-7c6e87046dc0" target="_blank"><strong><span>Eric Trump unveils design for six-star Trump resort as Gold Coast locals fiercely oppose plans</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"This is a topic we have been thinking about for some time."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The bank would not comment on the 300 job cuts that the Finance Sector Union (FSU) said a decision was made on today.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/cba-announces-plan-to-upskill-workers-following-300-job-cuts/1badb107-c558-4ece-9112-8309e609422f" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The union said it was imperative that the CBA use the Future Workforce Program to support any displaced workers.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"The union understands the cuts will affect teams across retail, business and institutional banking and human resources, with the majority of roles impacted in technology," the FSU said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>FSU national secretary Julia Angrisano said job cuts in the wake of $5 billion in half-yearly profit were "totally unacceptable".</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/baby-boomer-major-wealth-transfer-inheritance-looming/bd9714b3-a44c-401c-88c3-36c3ee277a28" target="_blank"><strong><span>Baby boomers set to pass on $175 billion a year in wills</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"For years we have seen CBA continue to axe hundreds upon hundreds of jobs while raking in billions in profits – we've heard countless stories of CBA workers being tossed onto the redundancy pile and having to fend for themselves at the whim of the bank," she said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Which is why our union has fought hard for improved support for workers – stronger protections when AI or new technology is introduced in the workplace and genuine support for workers to retrain and redeploy into other areas of CBA.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"These are the very workers who helped generate CBA's massive profits. The least the bank can do is retrain and reskill workers, and provide opportunities for them to remain at CBA.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"This campaign is about securing a better way at CBA, one where profits are shared more fairly and workers have certainty about their future."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The FSU said that a recent survey found 72 per cent of CBU workers was concerned about job security, 74 per cent said workloads increased in the past year, and half said they had considered leaving the bank.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>CBA has said AI-focused training has already been provided to more than 30,000 employees.</span></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>