Woolworths reports $190 million profit drop, plans job cuts

theage.com.au

Woolworths, Australia's largest supermarket chain, reported a $190 million drop in profits after a two-week strike last year affected product availability. To address this, Woolworths plans to cut jobs and reduce its product range as part of a $400 million cost-saving initiative. CEO Amanda Bardwell did not specify the number of job cuts or which products would be removed, citing a need to focus on customer demand.


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