Corporate Express will reduce its staff levels by about 5% following cost restructuring, according to ARN.

“We are moving to rightsize costs,” Corporate Express president, Australia and New Zealand, Jay Mutschler, said. “Many companies right now are experiencing the soft market, which does mean a relatively small number of redundancies, and in other areas we are redeploying people.”

Corporate Express is a subsidiary of Staples, which acquired 92 per cent of the Corporate Express shares on July 26, 2010.