After slashing more than 3000 jobs in 2011, banks are set to drip-feed more job cut announcements in the name of corporate restructures and managing costs. Finance Sector Union (FSU) figures show National Australia Bank (NAB), ANZ Banking Group (ANZ), Westpac and Commonwealth Bank (CBA) collectively made 3,309 roles redundant in 2011. But rather than announce massive job cuts all in one go, the banks did so gradually through 242 internal restructures. Reputation damage control is top-of-mind for the big four, which regularly shuffle jobs between business units or send them offshore.