Coles has told staff at its support centre in Melbourne that it will be cutting 450 jobs, as well as making some leadership changes.
Job cuts ahead of major strategic reset
The job cuts are part of an efficiency drive by the retailer and preceed the Coles strategy day that will be held next week. Coles managing director, Steven Cain, is expected to announce a major strategic reset for the business following its demerger from Wesfarmers. Although 450 roles will go, this includes job vacancies that are currently unfilled, so the total number of redundancies is likely to be less than this number. It is unclear currently which functions will be hit the most.
Three senior executive changes...
As part of the announcement, it was confirmed that two executives will also leave the business. CEO of Coles Express, online and corporate affairs, Alistair Jordan and chief store operations officer, Paul Bradshaw will depart. Coles COO, Greg Davis will move from his role to take over the operation of Coles Express, as well as head up commercial. While Coles' head of supply chain Matt Swindells has been promoted to COO, overseeing supply chain and store operations. Ian Bowring, currently transformation director at Metcash, where Steven Cain used to work, will also join Coles to head up its 'smarter selling' unit.