Kathmandu restructure could cut 10 percent of head office employees

Wed, 26 Aug 2015

By Fiona Rotherham Aug. 26 (BusinessDesk) - Kathmandu Holdings, the outdoor clothing and equipment chain facing a hostile takeover bid, has announced an immediate review of its head office structure which could cut up to 10 percent of top management employees in Australia and New Zealand. Kathmandu will closely review costs and structures in recognition of a significant reduction in profitability in the 2015 financial year, compared to previous years, and the company was taking decisive action to address the recent underperformance in sal...

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