Global Finance: is Woolworths restructuring plan pointing to a right direction?

Struggling supermarket giant Woolworths is slashing 500 jobs and will incur a charge of $959 million in its full year results as it continues restructuring its operations. What is the reason behind the restructuring? would it post a great thread to our economy since Woolworths has decided to cut jobs and shops? In an interview with Ivan Leung, financial planner Kam Yuen is going to explain it in detail.

Woolworths supper market Source: AAP