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AAP
AAP
Derek Rose

Regional bank to slash 400 jobs, take over branches

Bank of Queensland
The Bank of Queensland will convert its 114 owner-managed branches to corporate operations. (Dan Peled/AAP PHOTOS)

Bank of Queensland says the decision to cut its workforce by up to 400 roles is part of a plan to become a simpler and leaner business in light of industry wide cost pressures.

The regional bank also announced on Thursday it would convert all 114 of its owner-managed branches to corporate operations by March to simplify its distribution channels.

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