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1488 posts

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  #1502408 1-Mar-2016 20:34
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Like someone else said the Dick Smith staff seem to be surprisingly upbeat.    I guess after 2 months of uncertainty and rumours it must be almost a relief to know what is happening.   They just have to hang in there a little longer to get their redundancy payout & let the liquidators close the doors for the last time.


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  #1502432 1-Mar-2016 20:39
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  #1502461 1-Mar-2016 21:10
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amiga500:

 

Like someone else said the Dick Smith staff seem to be surprisingly upbeat.    I guess after 2 months of uncertainty and rumours it must be almost a relief to know what is happening.   They just have to hang in there a little longer to get their redundancy payout & let the liquidators close the doors for the last time.

 

 

 

 

redundancy?
normal pay, leave owed yes but AFAIK that would require money to be in the bank... quite possibility a while down the track once/if all the secured creditors have been paid





 The views expressed by me are not necessarily those of my employer


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  #1502497 1-Mar-2016 22:18
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hyperman:
leave owed yes


I believe there some issue around this, maybe just days in lieu but also maybe annual leave.

Not a good situation for employees there.
Essentially the company they had been working for was bled dry, and was not rcoverable by the new owners.

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  #1502717 2-Mar-2016 10:04
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hyperman:

 

redundancy?
normal pay, leave owed yes but AFAIK that would require money to be in the bank... quite possibility a while down the track once/if all the secured creditors have been paid

 

 

 

 

http://www.radionz.co.nz/news/national/297442/dick-smith-to-close

 

"The closure will affect about 430 staff in New Zealand, who are entitled to redundancy payouts of up to $22,160.

 

The entitlements of those who are made redundant will have preferential treatment over other secured creditors."


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  #1502721 2-Mar-2016 10:08
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Just noticed there is an advert in the NZ Herald today where the customer database is on the list of IP for sale....





CPU: Intel 3770k| RAM: F3-2400C10D-16GTX G.Skill Trident X |MB:  Gigabyte Z77X-UD5H-WB | GFX: GV-N660OC-2GD gv-n660oc-2gd GeForce GTX 660 | Monitor: Qnix 27" 2560x1440

 

 


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  #1504732 2-Mar-2016 10:58
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mentalinc: Just noticed there is an advert in the NZ Herald today where the customer database is on the list of IP for sale.... 

 

Interesting. I wonder how that lines up with New Zealand's privacy principles on the collection, retention and use of personal information?


 
 
 
 


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  #1504828 2-Mar-2016 12:29
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blakamin:

 

This was an interesting read... 

 

Dick Smith is the Greatest Private Equity Heist of All Time

 

An IPO takes 2 to tango, both a seller and a buyer,

 

It was clear from a million miles that DSE was in a declining retail space, and those who signed up as new shareholders are just as complicit as the corporate raiders flogging it....


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  #1505007 2-Mar-2016 15:11
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wellygary:

 

blakamin:

 

This was an interesting read... 

 

Dick Smith is the Greatest Private Equity Heist of All Time

 

An IPO takes 2 to tango, both a seller and a buyer,

 

It was clear from a million miles that DSE was in a declining retail space, and those who signed up as new shareholders are just as complicit as the corporate raiders flogging it....

 

 

The new shareholders were not complicit.

 

Complicit means engaging in an illegal or morally questionable act. The corporate raiders have definitely been morally questionable and they may well have broken at least one law. The new shareholders have been suckers which is neither unless stupidity is a crime.


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  #1505522 3-Mar-2016 14:21
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And now the receivers apparently want to sell all our customer details to the highest bidder!   Grrrrrrr

 

http://www.stuff.co.nz/business/industries/77500628/dick-smith-receiver-ferrier-hodgson-looking-to-sell-customer-database

 

 

 

 





Always be yourself, unless you can be Batman, then always be the Batman



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  #1505527 3-Mar-2016 14:27
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scuwp:

 

And now the receivers apparently want to sell all our customer details to the highest bidder!   Grrrrrrr

 

http://www.stuff.co.nz/business/industries/77500628/dick-smith-receiver-ferrier-hodgson-looking-to-sell-customer-database

 

 

 

 

 

Saw that yesterday, I logged in and changed all my info to made up nonsense. Not sure if it will actually alter anything (change logging?) but it made me feel better at least :p


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  #1505546 3-Mar-2016 15:26
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So much for "Dick Smith will never sell or share your information."





rm *


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  #1505557 3-Mar-2016 15:29
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Dick Smith aren't. The receiver is. Statements like that are meaningless.




Richard rich.ms

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  #1505583 3-Mar-2016 16:16
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richms: Dick Smith aren't. The receiver is. Statements like that are meaningless.

 

 

 

Yep, Dick left the building a month or so ago. 


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  #1505588 3-Mar-2016 16:34
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Jaxson:

 

richms: Dick Smith aren't. The receiver is. Statements like that are meaningless.

 

 Yep, Dick left the building a month or so ago. 

 

 

Dick Smith left the building in 1982, when he sold out to Woolworths.

 

Wise man.





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