Retrenchments at GrainCorp

GrainCorp is retrenching 20 percent of the workforce at its Carrington grain terminal.

According to The Herald, GrainCorp is saying the jobs are being cut because of a substantial reduction in business over the next few years, not because of its pending takeover by US commodities giant, Archer Daniels Midland.

Graincorp has 31 operators and eight tradespeople at Carrington and is retrenching seven of the operators.

A spokesperson for the company said in recent years the Carrington terminal had done solid business of between 1.2m and 1.5m tonnes a year, but for the coming year its bookings are only 450,000t.


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