Coles headquarters cut 450 jobs

Coles CEO Steven Cain has launched a restructuring of the headquarters, which will result in 450 jobs being cut and two senior executives will leave. On Thursday morning, Coles employees at the headquarters of Toorongga in Melbourne’s East Side were told that 450 jobs would be laid off. Coles will not fill vacant positions, so…

A new round of interest rate cuts or will begin

The odds of another interest rate cut have been slashed as weak jobs figures drive up expectations of a cut in July and pressure mounts on the government to bring forward $12 billion worth of tax cuts to stimulate the economy. Investment bank UBS and left-wing think tank Per Capita have both backed the case…