Metcash Axes Staff and Unveils Management Team for New Hardware Operation

Metcash has axed a number of senior staff to assemble the executive team to lead the merged Mitre 10 – Home Timber & Hardware (HTH) business, which has emerged as a powerful second force in Australia’s $46.7 billion home improvement market from the ashes of Woolworths’ failed assault on Bunnings.
The listed wholesaler would not reveal how many management and head office staff had been cut in the merger of the two independent hardware chains but sources close to the business claim at least two high profile personnel have already lost their jobs. Sydney Morning Herald – Read more…