Sharechat Logo

Foodstuffs Wellington makes 100 people redundant

Monday 4th April 2011

Text too small?

Foodstuffs Wellington is making more than 100 people redundant in the lower North Island as part of a restructuring to save $4 million a year.

The company which organises the supply and distribution for New World, Pak'n'Save and Four Square supermarkets in the Lower North Island employs about 1500 people. The stores are individually owned and they employ more than 10,000 people.

Foodstuffs Wellington chief executive Craig Wilson said the restructuring would result in cost savings of more than $4 million, which would allow the company to be more competitive.

Foodstuffs is a New Zealand owned co-operative, organised into three regions. It competes against Woolworths Australia, operator of Countdown and Woolworths supermarkets. The two major players have about half the supermarket market each.

Wilson said people would be placed in new positions where possible but it was likely more than 100 positions would be affected. Consultation with staff had begun at Silverstream and Palmerston North.

Earlier Foodstuffs' southern region said 230 jobs were lost when it closed its New World supermarket in Redcliffs after the February 22 earthquake.

A New World supermarket in Kaiapoi was also forced to close after the September 4 quake, leaving 34 full-time staff and 52 part-time workers without jobs.

 

NZPA



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report