More than 150 dairy workers to be made redundant after Beston Global Food Company fails to find buyer

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Beston Global Food Company ข่าว

Voluntary Administration,Cream Cheese,Gruyere

The workers and 22 dairy farmers have been in limbo since the company went into voluntary administration, and 41 farmers owed more than $10 million for milk supplied pre-administration will not be paid.

The 159 workers and 22 dairy farmers have been in limbo since the company went into voluntary administration in September.

Milk production will end on December 6 and the infrastructure at Jervois and Murray Bridge will be auctioned off.However, in a statement a KMPG spokesperson said due to significant trading losses being incurred on a weekly basis the administrators were not able to fund the business beyond November 30.

"Ultimately, the sales process has failed to secure a buyer in the time frame required given the trading losses being incurred. "However, the South Australian dairy farmer is nothing if not resilient and SADA will find other mechanisms to assist their members in protecting their interests into the future."

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