Goodman Fielder closes more bakery doors
While no sites have been identified, it said the closures would predominantly be in its baking division.
In its investor briefing on Monday, the firm said that it would close at least another 10 factories in Australia and New Zealand as part of its aim to save A$100m over the next three years.
Chris Delaney, chief executive officer at Goodman Fielder, said at the briefing factories operations would be slashed from 53 sites to 35 or fewer—either through closures or sales.
As part of its noose tightening, the firm is also reducing its portfoilio and bakery network to nine in New Zealand and around 18 in Australia.
Rocky times
Its bakery division has been in the spotlight this year, with three site closures announced in June. See HERE.
It is also undergoing a wider consolidation plan and sold its commercial oils business last week (see HERE).
