Woolworths will close all stores of its failed hardware chain Masters in early December.
The supermarket giant made the announcement late on Wednesday afternoon after confirming earlier that it will sell its Home Timber & Hardware business to Metcash for $165 million.
Masters stores will close before December 11 with the sell-down of all stock to begin in coming months.
"Woolworths will work hard to find Masters employees jobs within the group, or will pay full redundancy where suitable roles are not available," the company said in a statement.
It said all customer gift cards, product warranties, returns, lay-bys and contracted home improvement projects will be honoured.
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At the same time Woolworths has announced Home Consortium has proposed to buy the 61 Masters sites and 21 development sites.
