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From the Herald Sun:
US company JR Simplot says it is reviewing the viability of its three Australian operations because of “competitive pressures” in food processing and manufacturing, NSW Deputy Premier Andrew Stoner said.
The NSW government has offered a three-year payroll tax break to the Bathurst factory where the uniquely Australian snack is produced in the hope this will dissuade it from closing the centre, which employs 195 people.
JR Simplot runs food processing operations at Kelso, near Bathurst, and at Davenport in Tasmania.
The company is also examining whether it will keep these centres going.
“Competitive pressures…” You can’t save the roll. But you can sure bail it out.
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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