Warehouse Group to Cut About 270 Head Office Roles

MT Newswires Live

02/04

Warehouse Group (NZE:WHS) said that it will cut around 270 head office roles as part of its cost reset program to bring its cost of doing business to below 31% of sales, according to a Wednesday filing with the New Zealand bourse.

The company is also expanding its partnership with Tata Consultancy Services (TCS) to support several corporate and administrative functions, the filing said.

The restructure will see redundancy costs of about NZ$6 million and labor cost savings in the range of NZ$3 million to NZ$4 million in fiscal 2026, the filing added.

The company also expects annualized savings to increase to about NZ$17 million by fiscal 2031 and total expected savings of about NZ$70 million over its initial five-year contract term with TCS, the filing added.

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