Electronics retailer Dick Smith is cutting about 80 jobs as part of a restructure that aims to rein-in costs and improve its supply chain.
The retailer is axing jobs within its support office as part of a restructure that is designed to improve the company's dealings with suppliers.
It estimates the changes will cost up to $7.9 million, but lead to savings of between $8 million and $12 million.
"We have taken the difficult decision to streamline our structure, impacting positions at the support office," chief executive Nick Abboud said in a statement on Thursday.
Mr Abboud said the company had signed a long-term contract with a new Australian and international logistics provider to help improve its supply chain.
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The retailer also reaffirmed its expectations for sales growth of about 10 per cent and net profit growth of up to five per cent, excluding the one-time costs, this financial year.
Dick Smith announced the restructure plan shortly before the close of trade, with its shares finishing up five cents at $2.09.
It disappointed investors in February when it reported its first half earnings.
While the retailer returned to the black with a $25.2 million net profit, concerns about stunted sales growth in the company's New Zealand arm weighed on investors' minds,
