AU Wool Processing Plant Announces Closing
June 17, 2005
June 17, 2005 -- On Wednesday, the Australian wool industry suffered a major blow when its largest processing plant announced it would close, affecting more than 100 jobs. The management of Australian Topmaking Services ? owned by Elders Wool, one of the country?s oldest agricultural companies ? says the plant in central western New South Wales in Parkes cannot compete with lower-cost producers overseas.
The plant was built just a decade ago and had become a major employer; however, over the past four years the plant had been struggling.
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