Original article by Richard Gluyas
The Australian – Page: 19 : 3-Sep-14

Analysts are not certain yet how extensive the downsizing moves by John Durkan, the new CEO of major retailer Coles, will be. It is being forecast that between 10% and 20% of the 3,000 staff at its head office in Melbourne may be made redundant, in a bid to cut costs. Experts note that Coles is trying to maintain its ability to compete on price in the groceries sector with rival supermarket chains Aldi and Woolworths. Others say parent Wesfarmers should have detailed the job cuts during the results presentation in August 2014

CORPORATES
WESFARMERS LIMITED – ASX WES, COLES GROUP LIMITED, WOOLWORTHS LIMITED – ASX WOW, ALDI STORES SUPERMARKETS PTY LTD, SHAW STOCKBROKING LIMITED