Woolworths ditches 500 support jobs, writes down IT assets

Woolworths will let go 500 workers across its support office and supply chain network and write down millions in IT assets as new chief executive officer Brad Banducci introduces a restructured operating model.

Banducci today announced the results of his review into the Woolworths operating model, instigated following his February appointment as CEO.

He will bring 1000 workers out from the group office into the business, and split out the online EziBuy business - which had been integrated into Big W as part of former CEO Grant O'Brien's $1 billion Mercury 2 project - for potential sale.

Last modified onMonday, 25 July 2016 03:06