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Australia grocer Woolworths to cut jobs, close stores in overhaul

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The 500 jobs being cut were back-office roles and another 1,000 positions would be shifted from the head office in Sydney into stores, the company said.

Sydney

WOOLWORTHS Ltd, Australia's top grocer, on Monday said it will book costs of up to A$1 billion (S$1 billion), close stores, axe 500 jobs and consider selling online retailer Ezibuy in a restructuring aimed at regaining its competitive edge.

The overhaul comes after

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