Coles has announced a major staff shake-up that will see 450 roles made redundant.
The Sydney Morning Herald reports that staff were told today that 450 roles at Coles’ head office in the Melbourne suburb of Tooronga will go, while two senior executives will also depart the business.
It’s believed an ‘efficiency drive’ has prompted the restructure. While Coles has confirmed the announcement, they’ve declined to comment further.
Next week Coles boss Steven Cain is expected to announce a huge ‘strategic reset’ for Coles where he will unveil his future strategy for Coles.
The news follows Woolworths announcement last week that they too would be restructuring, leading to the possibility of staff redundancies. 7NEWS.com.au reported that while Woolworths said there would be no job cuts, Woolies staff had been given booklet guides to redundancies and ‘redeployment’.
The booklet states those who are being made redundant will be given a quote of their redundancy package in late August.
If they're unable to find a new role by September 16, those staff members will officially receive a letter of redundancy. Their last day will be September 30, according to the booklet.
"This would be your last day at Woolworths," page 11 says.