Red Lea Chickens, who own a 155 hectare poultry farm near Tamworth, were placed into voluntary administration over the long weekend, causing the immediate loss of at least 500 jobs throughout the state.
While Red Lea did not respond to enquiries, The Leader understands that a large number of local jobs will be lost in the fall-out, after it was revealed by Farmers NSW that the company owed a combined $4 million to 28 poultry farmers around the state.
NSW Farmers CEO Matt Brand said they commenced legal proceedings late last year in an effort to recoup the money before the voluntary administration began.
Were disappointed with Red Lea Chickens for not revealing the true financial mess the company was in when it gave solid commitments to farm…
Read the full article at: https://www.northerndailyleader.com.au/story/5325980/hundreds-of-jobs-lost-as-poultry-farm-enters-voluntary-administration/
