The chair of The Warehouse Group has defended the company’s decisions to claim $67.8 million through the government’s wage subsidy scheme and to lay off hundreds of staff and cut back hours for others.
The Group, which owns the Noel Leeming, Torpedo7 and Warehouse Stationery brands, has today released its results, confirming a full-year profit of $44.5 million.
The figure was released last week as a preview to the stock exchange and showed without the subsidy the company would have made a loss of $4.3m.
The company has been criticised by unions, the government and during the election campaign for restructuring and redundancies while getting the subsidy.
As early as June the prime minister said she was “angry” at the company pushing on with the restructuring while receiving the wage subsidy.
However, Joan Withers said the receipt