July 5 (Reuters) - Treasury Wine Estates Ltd (TWE) :
- PLANS TO CLOSE ITS COMMERCIAL WINERY, KARADOC, IN NORTH-WEST VICTORIA BY MID-2024
- AS PART OF THE KARADOC WINERY CLOSURE, TWE PLANS TO LIST THE SITE FOR SALE
- COMPANY IS SET TO ANNOUNCE ITS DECISION TO 60 AFFECTED WORKERS ON JULY 5
- OVER COMING YEARS, EXPECT COMMERCIAL VOLUMES AT KARADOC TO CONTINUE TO DECLINE AND VOLUMES TO BE AT AROUND 60% OF CAPACITY
- GIVEN 70% OF COSTS AT KARADOC ARE FIXED, PROCESSING LESS VOLUME MEANS COST OF RUNNING SITE IS SUBSTANTIALLY HIGHER
(([email protected];))
News: TWE Treasury Wine Estates Plans To Close Its Commercial Winery, Karadoc By Mid-2024
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