Business Services Industry
NAB's growth plan delayed again.
Australasian Business Intelligence, March, 2002
Mar 21, 2002 (The Age
ABIX via COMTEX) -- National Australia Bank (NAB) faces a delay to the release of its strategic growth plan. NAB will release its "Positioning For Growth" document after Easter 2002, a strategy that NAB CEO, Frank Cicutto, announced would include restructuring and cost savings. Cicutto's plans must be revealed to the Finance Sector Union if there are any job losses contemplated. As well, markets are waiting to see what cost savings will be targeted by the bank.
NATIONAL AUSTRALIA BANK LIMITED -
ASX NAB:
FINANCE SECTOR UNION
By Sharon Kemp
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