Shareholders upbeat on Woolies restructure

By Georgia Wilkins
Updated July 26 2016 - 2:18am, first published 12:15am
About 500 roles will be permanently removed from Woolies' support office and supply chain. Photo: Dallas Kilponen
About 500 roles will be permanently removed from Woolies' support office and supply chain. Photo: Dallas Kilponen
In the second restructure in less than six months, the company will close 30 supermarkets and has flagged another 34 outlets for potential closure.
In the second restructure in less than six months, the company will close 30 supermarkets and has flagged another 34 outlets for potential closure.

Shareholders have welcomed an almost $1 billion restructure at Woolworths that will see the retail giant turn its focus back to supermarkets after an ill-fated foray into home improvement and online retail.

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