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Story summary
- BNZ rolled out employee benefit cuts on June 30, 2026 via an email that framed the changes as a mandate.
- The cuts eliminated dozens of perks, including fee waivers and loan discounts, effective the same morning.
- Workers First Union, representing over 600 staff, said members felt shocked, betrayed and accused the bank of greed.
- An employee said losing the waivers set his home-buying budget back two years and forced retirement-plan reconsideration.
