Dick Smith receiver Ferrier Hodgson has dispatched the failed retailer’s chief financial officer and cut 22 office jobs as well as uncovering as much as AUD2 million (USD1.4m) in the underpayment of staff entitlements.
Michael Potts, who joined Dick Smith as CFO back in 2013 has left the company along with the office staff as part of what Ferrier Hodgson called a "restructuring of the group’s support office."
The receivers’ analysis of Dick Smith’s books since in took control of the ailing business in early January has also revealed staff were potentially underpaid leave loading entitlements totalling as much as AUD2 million.