Jobs At Risk In Grocery War, Warns Independent Supermarket Chief

Franchising.net.au:

Australia’s supermarket industry faces losing up to 40,000 jobs if the grocery war continues, according to Fred Harrison, CEO of independently owned licensed supermarket network Ritchies.

“Continued hacking away at prices by Coles to gain a market advantage is threatening the jobs of thousands of workers – particularly young people and women, who make up the bulk of the people in the sector,” he said.

Harrison said 65 per cent of the cost of operating a supermarket was wages – and staff would be the first area to cut to maintain profitability. “You can’t keep slashing prices and not expect a fallout in the industry,” Harrison said.


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