Original article by Sue Mitchell
The Australian Financial Review – Page: 23 : 4-Sep-14

Management confirmed on 3 September 2014 that Coles Group will retrench and redeploy 400 Melbourne support staff. The close to $A40 million in savings arising from the retrenchments will be used to revamp stores and cut grocery prices. The restructure is the largest by the supermarket chain since its 2007 acquisition of Wesfarmers. Several general managers recruited as part of the $A20 billion takeover are said to be leaving Coles under its new MD, John Durkan

CORPORATES
WESFARMERS LIMITED – ASX WES, COLES GROUP LIMITED, WOOLWORTHS LIMITED – ASX WOW, MORGAN STANLEY AUSTRALIA LIMITED, ACCENTURE AUSTRALIA LIMITED