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1 Oct 2024 12:41
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  •   Home > News > Business

    Alliance Group is making moves to strengthen its balance sheet, after announcing the proposed closure of a historic freezing works on Friday

    Alliance Group is making moves to strengthen its balance sheet, after announcing the proposed closure of a historic freezing works on Friday

    30 September 2024
    Up to 600 jobs could get the chop at Timaru's Smithfield freezing works due to declining sheep numbers from land use changes.

    BusinessDesk reports Alliance Chair Mark Wynne says shareholders have three options -- to front enough capital and remain farmer-owned, to establish a joint venture, or to sell the entire company.

    Wynne says likely investors could include countries looking for food security, and other meat companies.

    An investment bank is being appointed to help.

    © 2024 Newstalk ZB, NZCity


     Other Business News
     01 Oct: Insurers are asking the Government to ensure new RMA rules prohibit building in "dumb" places
     01 Oct: Supermarket giant Foodstuffs has been denied permission to merge its North Island and South Island co-operatives
     01 Oct: House prices remain subdued for the sixth month
     30 Sep: Israel likely used US-made 2,000-pound bombs to kill Hezbollah leader, analysts say
     30 Sep: The Finance Minister says the Government is still committed to funding Dunedin's new hospital
     30 Sep: Fonterra is being sued - accused of greenwashing
     30 Sep: Optimism from struggling Canterbury milk processor - Synlait - despite an 182.1 million dollar loss
     Top Stories

    RUGBY RUGBY
    They've produced some of the Crusaders best talent in recent years - but a regular season Super Rugby match held in the Tasman region appears slim to unlikely More...


    BUSINESS BUSINESS
    Insurers are asking the Government to ensure new RMA rules prohibit building in "dumb" places More...



     Today's News

    Motoring:
    Captain Chris Wood will feature for the All Whites as their road to the 2026 Football World Cup starts this month 12:37

    Politics:
    Rotorua Hospital's refurbished Children's Unit has opened today 12:27

    International:
    Israel confirms it is is conducting 'limited operations' in Lebanon as ground invasion appears imminent 12:17

    Business:
    Insurers are asking the Government to ensure new RMA rules prohibit building in "dumb" places 12:17

    Entertainment:
    George Clooney is always "so proud" of his wife 12:09

    Rugby:
    They've produced some of the Crusaders best talent in recent years - but a regular season Super Rugby match held in the Tasman region appears slim to unlikely 11:57

    Entertainment:
    Anya Taylor-Joy's "love story" with husband Malcolm McRae was sewn onto her wedding dress 11:39

    Living & Travel:
    New research reveals why the mighty Darling River is drying up – and it’s not just because we’re taking too much water 11:17

    International:
    When is the Walz-Vance vice-presidential debate? Here's how to watch in Australia, and what to look out for 11:17

    Entertainment:
    Melanie Hamrick believes she has a good relationship with Sir Mick Jagger's older children and "hopefully they like" her 11:09


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