Struggling department store chain Myer is to make 100 jobs redundant.
Myer chief executive Bernie Brookes announced the cuts today, blaming the higher costs facing the company amid tough trading conditions across the retail sector.
"We have undertaken a major review of all support function expenditure, including services provided, marketing and events, IT, HR (human resources), merchandise and supply chain with a view to rebasing our cost structure to align to the operating conditions we face," he said in a statement.
"Consequently, around 100 roles have been made redundant across the business."
No customer service jobs, or those linked to developing Myer's online offerings and brand development, will be affected by the cuts.
Mr Brookes said efforts were being made to redeploy staff affected by the cuts to other areas of the business.
News of the job cuts at Myer coincided with the release of official figures showing Australia's unemployment rate rose to 5.2 per cent in June from 5.1 per cent in May.
Myer, which has been struggling to entice shoppers to spend up in its stores, warned in May that its full year profit could drop by 15 per cent in fiscal 2012.
Mr Brookes said Myer was continuing to maintain a disciplined focus on costs.
He said the decision to axe the 100 jobs from its 13,000-strong workforce was not an easy one.
"We regret the impact on those team members affected and have provided assistance to them in terms of severance payments and support for job transition," he said.
"We have determined a support structure that will take the business forward and underpin our investment in our core offer, including continuing the investment to improve customer service, enhancing our merchandise offer, our loyalty program, delivering our omni-channel offer and optimising our store network."
Myer shares were half a cent lower at $1.67 at 1311 AEST.
Source: http://www.wabusinessnews.com.au/article/Myer-axes-100-jobs-amid-retail-gloom
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