Dairy workers at South Australia’s Beston Global Food company have learnt they will lose their jobs after the company’s administrator, KPMG, was unable to find a buyer.
The 159 workers and 22 dairy farmers have been in limbo since the company went into voluntary administration on September 20.
Milk production will end on December 6 and the infrastructure at Jervois and Murray Bridge will be auctioned off.
KPMG tried to sell the business as an ongoing concern and several companies expressed interest.
The Beston Global Food Company has facilities at Jervois and Murray Bridge. (ABC News: Carl Saville)
However, in a statement a KMPG spokesperson said due to significant trading losses being incurred on a weekly basis the administrators were not…
