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Bendigo and Adelaide Bank layoffs 2026
Union reports 137 workers at Bendigo and Adelaide Bank are slated for redundancy as part of ongoing restructure; company says plans are not yet finalised.
- Who
- Bendigo and Adelaide Bank · Australia
- What happened
- Union reports 137 workers at Bendigo and Adelaide Bank are slated for redundancy as part of ongoing restructure; company says plans are not yet finalised.
- When
- 2026-09-18
- So what
- Reductions rarely fall evenly, and the read is in the pattern.
The leadership read
Reductions rarely fall evenly, and the read is in the pattern. For Bendigo and Adelaide Bank in the sector, cuts like this tend to protect, and sometimes deepen, leadership where the company is betting, while thinning the rest. Across Oceania, watch which functions keep or add leadership; that is the strategy stated plainly.
Market context: The wider read — a Talent Market Index of 97.6 (Neutral), down 3.4 month-on-month — shows Oceania signal flow rising (+5.6pts).
Bendigo and Adelaide Bank: 4 signals in the last 90 days; 0.2% of MitchelLake's Oceania signal flow; 6 tracked across 165 days.
MitchelLake in this thematic
Also at Bendigo and Adelaide Bank →
More signals across Oceania
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Health New Zealand →Health NZ disestablished 945 Digital Services roles in 2025 (39% of the digital workforce). A joint PSA/ASMS report now links the cuts to repeated priority-one IT outages, record-access failures and cancelled surgeries.
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Heartland Group Holdings →Heartland flagged job cuts alongside a mortgage push at its annual general meeting, indicating a restructuring of its workforce.
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Kaitāia sawmill →A Kaitāia (New Zealand) sawmill is at risk of closure with 157 jobs threatened. A consortium led by Mayor Wayne Brown sought a $5m government loan to buy the mill, but the government refused sign-off, and the report says it is now too late to save it.
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Canva →Canva carried out a round of job cuts the week before the report, with its technology department hit hardest, accounting for about 40% of the affected roles. Staff are turning to a union in record numbers.
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Triboard (Kaitāia mill) →The Triboard mill in Kaitāia could close within months, putting 157 jobs at risk; a new buyer could potentially restart it in future.
Where this lands in our work
- Fractional & Interim Executives →
Contraction concentrates scope on fewer leaders, and interim capability covers the gap.
- Private Equity →
Listed and PE-backed boards renew leadership against a value-creation clock.
- Executive Search: Oceania →
Our Oceania practice runs the searches behind signals like this one.
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