Kiwibank is warning of more changes ahead as it cuts 80 jobs and readvertises 120 others in a company restructure.
The state-owned bank confirmed on Wednesday that jobs will go as the company attempts to cut costs and improve efficiency to remain competitive.
The losses stretch from frontline staff to senior management, and include cuts in credit management, customer service, mortgages and marketing. Staff who are losing their job have been notified, he said.
Out of the 200 jobs being restructured, 80 will go and 120 new roles will be created. Kiwibank spokesperson Bruce Thompson told Radio New Zealand's Checkpoint programme on Wednesday those roles will go to existing staff.
“There will be about 120 new positions that they can apply for. We would expect that we would be able to fill virtually all of those, if not all of them, internally. We're not looking outside.”
