Ridley Corp. to reorganize, reduce staffing

Ridley Corp. to reorganize, reduce staffing

Phongphan | Bigstock.com

Move comes after company closed feed mill in September

According to a press release from the company, “the Ridley board has approved an internal restructure plan which will see a significant reduction in staffing levels throughout the organization to be implemented in November 2019. A leaner, simplified and flatter reporting structure has been proposed which is designed to improve customer alignment while removing an estimated $5 million of annualized costs from the organization. The estimated total cost of the restructure to be brought to account in FY20 is AUD3 million.”