Ferrier Hodgson tells Dick Smith workers it may take 6-8 weeks to establish if sale is possible

Thu, 07 Jan 2016

By Jonathan Underhill Jan. 8 (BusinessDesk) - The receivers of Dick Smith Holdings have told employees it may take six-to-eight weeks to determine if the consumer electronics chain can be sold as a going concern. "We are immediately seeking a sale of the business as a going concern and advertisements will appear in the national newspapers shortly," James Stewart of Ferrier Hodgson said in the circular to employees in Australia and New Zealand. In the meantime, workers would stay on under the same terms and conditions, with wages paid a...

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