date:Jul 24, 2012
600 jobs being cut in a major restructure.
Goodman has felt the impact of a price war between Australia's largest retailers, as Woolworths Ltd and Coles use private-label bread as a loss-leader to drive traffic.
The company has reacted to the difficult trading conditions it faces by a restructuring initiatives it hopes will cut A$100m from operating costs by fiscal 2014.
Goodman added the planned sale of its Integro commercial oils division and its NZ milling business was progressing well. Th