BRIEF-Bega Cheese Consolidates Strathmerton Cheese Processing And Packaging Operations

Reuters

05-06

BRIEF-Bega Cheese Consolidates Strathmerton Cheese Processing And Packaging Operations

May 6 (Reuters) - Bega Cheese Ltd BGA.AX:

CONSOLIDATION OF ITS STRATHMERTON CHEESE PROCESSING AND PACKAGING OPERATIONS INTO ITS EXISTING SITE AT RIDGE STREET, BEGA
CONSOLIDATION OF SITES IS EXPECTED TO DELIVER A$30 MILLION PER ANNUM OF COST SAVINGS
WORKING CLOSELY WITH 300 EMPLOYEES AT STRATHMERTON WHOSE ROLES ARE IMPACTED
SEES NON-CASH IMPAIRMENT OF A$30-A$40 MILLION, ONE-OFF CASH COSTS OF A$30-A$40 MILLION FOR STRATHMERTON

Further company coverage: BGA.AX

((Reuters.Briefs@thomsonreuters.com;))

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