Chief executive Tim Ford said on Friday that restructuring in China had followed the provisional tariffs imposed by the government in Beijing.
The introduction of provisional measures imposed on Australian wines by the Chinese government as part of its investigations, which remain ongoing, have required TWE to adjust our operating model in China, he said.
Unfortunately this means changes to our local China-based team, he said, adding: Our focus is on supporting the impacted team members and continuing to provide them with the utmost care and respect during this time
Mr Ford said earlier this month the company had not given up on the China market, and would persevere because there was still demand for the flagship product, Penfolds.
It c…
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