Australia's NAB falls on job cuts, $209 million restructuring costs

By Reuters News

** Shares of National Australia Bank NAB.AX fall as much as 2.8% to A$38.770, their biggest intraday pct loss since October 1

** NAB, Australia's biggest business lender, expects a pre-tax restructuring charge of about A$300 million ($209.46 million) in 2027

** NAB plans to cut up to 2,500 jobs, or about 6% of its workforce, during 2027

** Says the overhaul is aimed at simplifying operations and improving productivity

** YTD, stock down 8.2%, including the session's moves


($1 = 1.4323 Australian dollars)

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