Corporate jobs to be offshored in Woolworths cost-cutting overhaul
- 12 hours ago
- 1 min read
Woolworths says it is making structural changes across parts of its business as it looks to reduce costs and keep prices competitive amid rising living expenses and stronger international competition.
The company says customers are under pressure from inflation and cost-of-living increases, and it is focusing on improving efficiency to maintain “low prices” and service standards.
As part of the changes, Woolworths is reviewing its corporate operations, including proposals to expand global service arrangements and outsource some functions. Consultations with affected teams are expected to continue throughout the week.
Woolworths says it already operates with overseas teams and external service partners, and regularly reviews these arrangements to cut costs and improve capability.
The supermarket giant is also responding to growing competition from international players, including fast-expanding online retailers such as Amazon, which are putting pressure on pricing and delivery expectations.
The company has invested heavily in its supply chain and digital operations in Australia to stay competitive, particularly in online grocery delivery.
Despite the restructuring, Woolworths says it plans to open 24 new stores across Australia and New Zealand over the coming year, creating around 2,500 jobs.
The changes come as the company continues to manage higher input costs across fuel, freight and agricultural supply chains, which it says are gradually flowing through to food prices such as fresh produce, dairy and bread.
Source : 7 News
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