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Market Chatter: Coles Group to Outsource Hundreds of Jobs to India Under New Accenture Deal

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Coles Group (ASX:COL) is planning to shift up to 1,000 jobs to India, including marketing and technology roles, under a multi-year outsourcing deal with professional services company Accenture, the Australian Financial Review reported Friday, citing unnamed people briefed on the plans.

In response to' request for comment, a Coles spokesperson said that the numbers are in "several hundreds," and the shift will involve job cuts, as well as exploring redeployments and retraining opportunities.

"Under the multi-year partnership, some work in our corporate workforce will move to Accenture overseas and in Australia," the spokesperson said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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