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Reuters
Reuters
Business

Australia's ANZ to cut jobs, union says 230 to go

FILE PHOTO: An ANZ bank logo is pictured in Sydney, Australia April 23, 2018. REUTERS/Edgar Su

Australia and New Zealand Banking Group <ANZ.AX> announced job cuts at its retail distribution and financial planning business on Friday, and while the bank did not specify how jobs would be cut, a union said 230 would be lost.

"We are now making some changes to simplify our retail distribution and financial planning capabilities," an ANZ spokesman said in a statement confirming the job cuts.

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