STAFF at troubled farm business Ceres Agricultural Companyhave been told to expect significant job losses after the company was placed in voluntary administration with advisory groupGrant Thornton.
In an internal memo sent to all staff from owner Garrick Hawkins on Thursday, staff were told the current business was unsustainable and Ceres would be closed.
It is understood meetings are being held with staff this morning.
According to its website, Ceres Agricultural Company manages 30,000 hectares of grazing and cropping land in the central tablelands and north-west slopes of NSW.
The 15 properties operated by Ceres include: Ballyroe and Mayfield at Oberon; Gunyerwarildi, Postmans, Brentwood, Lava Downs and Inverness at Warialda; and Brudle P…
Read the full article at: https://www.queenslandcountrylife.com.au/story/5980948/ceres-agricultural-placed-in-voluntary-administration/
