Wal-Mart cuts another 250 jobs, shuts office

Move comes days after company axes 20 positions in restructuring exercise

Wal-Mart Stores Inc, the world's largest retailer by sales, is cutting 250 Chinese jobs and closing its regional office in Dalian in an effort to improve efficiency and regain its declining market share, it said. The moves come just days after it axed 20 senior level jobs in the country.

According to a statement, the company has been undergoing a major transformation in the last few years which has seen some organizational changes in its management structure.