FRANKLINS owner and grocery wholesaler Metcash will shed 478 jobs as it restructures its business in response to difficult trading conditions.
The redundancies will come from its Campbells, merchandising and fresh food businesses, according to AAP.
Fifteen regional Campbells Cash & Carry stores will be closed, resulting in 315 job losses.
They're to be closed because more customers use petrol and service stations rather than traditional convenience stores, Metcash said.
The remaining job losses would come from the company's corporate offices, it said.
Chief executive Andrew Reitzer said the job losses were regrettable, but the reality of the trading environment meant Metcash had to focus on ensuring the business was structured for the future.
''These difficult conditions result from continued deflation which is pushing prices and margins down, and a value-conscious consumer who increasingly purchases on discount,'' Mr Reitzer said in a statement.
