Nufarm will increase its emphasis on product
development as it restructures, closing two manufacturing sites and cutting 105
Australia’s largest maker of crop sprays will
close its Welshpool and Lytton sites, in WA and Queensland respectively, over
the next two years, the ABC reports. Some regional service sites will also be
30 head office jobs in Melbourne had been made redundant, effective immediately.
The restructuring will cost $39 million in the
current financial year, according to The Australian, and will, according to the
agricultural chemicals company, save $13 million a year.
Total manufacturing capacity will be maintained,
but the company’s cost base lowered, said managing director Douglas Rathbone,
and Nufarm’s Victorian plants would be expanded.
“This is about improving the business and more effectively meeting the needs of our customers with an efficient and cost-effective structure,” said Rathbone in a statement.
Also expanded would be Nufarm’s
emphasis on product development.