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Commonwealth Bank of Australia (ASX:CBA) is reportedly cutting opening hours at regional branches but says it’s not following ANZ (ASX:ANZ) or Westpac (ASX:WBC) in slashing jobs.
Fairfax reports about 40 branches in regional areas will see opening hours cut from six a day with a lunch break, to four a day with a working lunch.
Retail banking boss Ross McEwan told Fairfax the bank has “sophisticated tools” it has been using to analyse the activity happening in branches.
Some employees will reportedly be changed from full-time to part-time.
Commonwealth Bank reported a net profit of $6.4 billion in the 2011 financial year.
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