Tag: NAB

National Australia Bank axes 6,000 jobs as annual profit jumps

SYDNEY, Australia (AFP) — Up to 6,000 jobs will be axed in a major restructure at National Australia Bank, the lender said Thursday after posting Aus$5.28 billion (US$4.1 billion) in annual net profits. The positions will go as it further automates and simplifies its business. Some 2,000 new jobs will be created. “This will result in a net reduction in staff currently targeted at approximately 4,000 by the end of full year 2020,” it said. The bank […]

NAB Show 2014 in Las Vegas

Almost 100,000 from around the globe gathered in Las Vegas for this year’s NAB show. Each year, film houses, aspiring cinematographers and broadcasters alike flock to the annual NAB show which is hosted by NAB or the National Association of Broadcasters. This year’s event featured 1,600+ companies showcasing new technologies that are driving the future of digital media and entertainment. Net25’s US Bureau in Las Vegas covered the event.