Up to 150 jobs could go in Elders restructure
UP TO 150 jobs at leading Australian agribusiness Elders' smaller rural branches could be on the chopping block as part of a company restructure that began this week.
The company is one of the country's largest rural farm suppliers and has hundreds of rural offices with agents specialised in livestock, wool and grain markets around the nation.
Its regional offices also play a key role in rural real estate and insurance sales outside the major cities.
The jobs are likely to go as the company aims to cut 10% of its rural and regional branches, with some to be offered transfers or redundancies.
While the company has not outlined specifically where the job cuts will come from, it is understood staff in regional Queensland were notified of the plans on Wednesday night.
It comes as the rural giant finally gets out of the forestry industry, after divesting itself of managed investment scheme-related forestry assets.
It is understood most of the job losses will come from rural branches which are close to larger rural centres, in a bid to cut overheads