Woolworths to axe 400 jobs as supermarket looks to ‘neutralise’ rivals in on-going price war
Woolworth has flagged there will be no let up in its marketing price war with rivals after vowing to “neutralise Coles and contain Aldi” in the on-going battle for supermarket supremacy.
The retailer made the pledge after reporting a three per cent lift in third quarter sales, excluding petrol. Woolworths also confirmed an additional 400 non-customer facing jobs will be axed by the first half of the 2016 financial year.
It is unclear if any marketing roles will be cut.
Very interesting in light of the 4Corners story last Monday which exposed the long term exploitation of overseas workers in Australia to achieve these low prices. Woolworths were of course not the only business implicated – Coles and Aldi in there too.
If you missed this eye-opening 4Corners story take a look on iView here – http://www.abc.net.au/4corners.....227055.htm
It’s noteworthy and unfortunately not surprising that no commercial media has picked up on this story….
News did:
http://www.news.com.au/finance.....7334597548
And so did Fairfax:
http://www.smh.com.au/business.....gu5pl.html
Actually – I’m very happy to be corrected.
Thank you!
Though not the attention and outcry which the Mt Druitt SBS documentary has received by other media….
Sad but true!