February 4, 201611:11am
Catalogues are seen outside a Dick Smith Electronics store in Sydney.
DICK Smith is shedding 22 jobs, including that of chief financial officer Michael Potts, as part of a restructure by the receiver of the troubled electrical retailer.
Former Woolworths executive Bert van der Welde will replace Mr Potts on an interim basis as part of the shake up at the company’s support office in western Sydney.
Receiver Ferrier Hodgson says it has also discovered that as many as 3,200 current and former employees have been underpaid their annual leave loading entitlements dating back as long as six years.
The mistake could add another $2 million to Dick Smith’s outstanding liabilities.
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