Sigma to shut warehouses and cut staff
Nine Finance reported that Sigma Healthcare will lay off 300 warehouse employees and let go another 200 agency staff as it adapts to the loss of its My Chemist/Chemist Warehouse supply deal. Sigma reported a 33.7% fall in full-year profit on Thursday and said it will close distribution centres in Shepparton, Victoria; Newcastle, NSW and Launceston, Tasmania late this year. The layoffs involve those workers and other staff across its distribution network. The layoffs are part of what Sigma's plan to save $100 million over two years based on recommendations from global consulting firm Accenture. The company currently has 15 distribution centres serving 4,000 pharmacies across the country, making over a million deliveries a day.