Coles to cut $1b in costs with tech upgrades, fewer head-office staff

The Coles supermarket group says it will cut $1 billion in costs from its business over the next four years by using technology and automation to do manual tasks while cutting staff in office roles.

Coles chief executive Steven Cain said the savings were needed to offset rising costs like energy and wages, and warned the company faced the toughest competitive environment in its history as new discount competitors like Kaufland arrive in Australia and online traders like Amazon grow.

Read More: https://www.brisbanetimes.com.au/business/companies/coles-to-cut-1b-in-costs-with-tech-upgrades-fewer-head-office-staff-20190618-p51ypy.html