4 Apr 2011

100 jobs may go at Foodstuffs

11:41 am on 4 April 2011

Foodstuffs has confirmed that more than 100 jobs may go from its operations in the lower North Island due to restructuring.

The company which runs three supermarket chains - New World, Pak'nSave and Four Square - says the recession has had an impact on its slow recovery in a tight market.

Foodstuffs Wellington chief executive Craig Wilson says internal savings mean over 100 employees may be made redundant.

He says the restructuring will save the company over $4 million.

Mr Wilson says its been six years since Foodstuffs last restructured the three supermarket chains.

He says consultation with staff has begun in Silverstream in the Hutt Valley and Palmerston North.