More than 100 Otago jobs could be gone next month from
Southern Cross Forest Products.
The company's receivers, KordaMentham, told staff yesterday
its four plants in Otago might be "progressively'' closed
Brendon Gibson, of KordaMentha, addressed the 101 remaining
staff at meetings at its Otago plants.
He said Southern Cross' Thames sites would continue to
operate but there had been no interest in buying the Otago
sites as a going concern.
The decision would affect 66 staff from the company's New
Zealand Wood Mouldings plant in Mosgiel, 26 from Millstream
Lumber in Milton, one from its Milburn site and eight
remaining staff at Rosebank Mill in Balclutha.
SCFP was placed in receivership on March 3 with assets of $78
million, debt of $58 million and about 400 staff throughout
About 80 staff were made redundant in late-April because of a
lack of profit and fire damage at the Mosgiel site.