Westpac faces report of 102 proposed job cuts: stock pre-market at EUR 21.60
Published on 10/14/2026 at 08:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRestructuring report and broker view
- A report dated October 13, 2026, said 102 proposed redundancies formed part of a 174-role restructuring plan.
- Westpac stock trades pre-market at EUR 21.60 at 8:30 a.m. CEST at Lang & Schwarz on October 14, 2026.
- Market Index data cited on October 13, 2026, showed that a majority of brokers rated the shares sell.
Westpac faces reports of proposed job cuts as its stock trades pre-market at EUR 21.60 on October 14, 2026. The report was published by The Motley Fool Australia on October 13, 2026.
Pre-market trading
At 8:30 a.m. CEST, Westpac stock was at EUR 21.60 in pre-market trading at Lang & Schwarz. The bid was EUR 21.44 and the ask was EUR 21.77. The further course from the Xetra open at 9:00 a.m. CEST is shown by the continuously updated real-time quote of Westpac stock.
Reported restructuring proposal
The Motley Fool Australia said the Financial Services Union had described a proposed restructuring affecting 174 roles across Westpac's Risk, Institutional Banking and Finance teams. The report said 102 positions were proposed for redundancy, while 72 roles would move to comparable positions. These details were attributed to the union and media reports rather than to a Westpac company release.
Broker view cited in report
The same October 13 report said Market Index data showed that a majority of brokers had sell ratings on Westpac shares. It cited an average target price of AUD 34.18, implying around 1% downside from the reported AUD 34.71 share price at the time.
Westpac's October economic calendar was published by Westpac Australia Economics on September 25, 2026, as a summary of Australian data releases, forecasts and central-bank decisions.
Market context: Market report S&P/ASX 200.
