21 May 2014

Otago timber company axes jobs

8:35 am on 21 May 2014

Receivers have confirmed 100 staff are set to lose their jobs at a South Otago timber company, bringing the total number of job losses to 179, Radio New Zealand reports.

Southern Cross Forest Products has been in receivership since March this year and receivers KordaMentha have been unable to find a new buyer for its South Island operations.

KordaMentha on Tuesday announced the closure of the Mosgiel Remanufacturing Plant and Millstream Lumber Division in Milton.

One hundred staff were told the company's South Island operations will cease within eight weeks. Seventy-nine jobs were axed in April.