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Coles to axe 400 jobs

Coles_smallUPDATED

Coles will axe more than 400 jobs from its Melbourne head office in an effort to cut costs.

The supermarket giant will cut 378 permanent jobs and 60 contractors from its Tooronga-based Store Support Centre, with 

Coles MD, John Durkan, said 160 people could be redeployed across the business.

“All departing team members will be provided with extensive support, including career transition services and, of course, their full entitlements,” Durkan said. 

Durkan confirmed that today’s announcement will not result in any jobs being sent offshore, adding the retailer will open 14 new stores across Victoria in the next three years.

“Between 2014 and 2016, Coles is also investing $1.1 billion in 70 new stores across Australia, creating more than 8000 retail jobs and around 8000 construction jobs,” Durkan said.

“In Victoria, Coles is investing more than $300 million in 14 new stores in Melbourne and regional Victoria over a three year period, generating more than 3000 retail and construction jobs.

“In the next fortnight alone, Coles will open a new store at Kangaroo Flat, in Bendigo, creating 40 new jobs, followed soon after by the opening of a new store at Footscray Plaza, generating 70 new jobs.

“As part of Coles’ expanding financial services offer, we plan to create more than 70 positions,” Durkan said.

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