Subscriber login Close [x]
remember me
You are not logged in.


Published:  23 July, 2008

Southcorp shed another 25 staff in Australia before Christmas, as it continues to look for savings from its $1.5 billion Rosemount Estates merger. Most cuts were expected to be made at the Great Western winery in Victoria. Southcorp's Australasian sales director, Gary Roberts, who has been with the producer for 32 years, became one casualty of the restructuring of the two hundred-strong sales team in Australia. About 150 jobs have been lost since Southcorp merged with Rosemount in February. Southcorp has closed a total of five offices: two in Sydney, and one each in Melbourne, Adelaide and Atlanta. Long-term synergy benefits from the Rosemount merger were forecast at $50 million per annum over the next two to three years. * Southcorp is planning to launch a novel two-part bottle stopper, according to sources in Australia. Brands such as Penfolds, Lindemans, Seppelt and Seaview may benefit from the new closure, which requires no corkscrew. The project is said to be shrouded in secrecy'. It follows attempts to devise new synthetic closures, such as a new Aegis' line, and work on Stelvin caps.