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11/11/2014

TWE closes production site

Treasury Wine Estates (TWE) has announced it will cease operations at its Ryecroft winery in McLaren Vale and move production to other TWE-owned wineries across South Australia.

As a result of this change, no grapes will be processed at Ryecroft winery for the 2015 vintage and more than 30 jobs will reportedly be lost.

This transfer of production is consistent with TWE’s strategic roadmap, which includes stepping-up consumer marketing investment in its brands, driving a separate focus on the commercial portfolio, improving its cost base, light-weighting its capital structure and delivering supply chain efficiencies and improved profitability, the company said in a statement.

Plans for shutting down Ryecroft winery operations will commence immediately although it’s likely to take several months for this process to conclude.

There are currently 33 people working at Ryecroft and TWE is working closely with impacted employees and their representatives to determine the next steps in this process.

All impacted employees will be eligible to apply for alternative positions within TWE, and if no suitable positions are secured, they will be supported with outplacement services and redundancy entitlements in accordance with their contractual terms/Enterprise Bargain Agreement.

In recent years, the Ryecroft winery had been the primary facility for the production of Rosemount wines.

TWE will continue to operate the Rosemount cellar door in McLaren Vale and approximately 900 ha of vineyards throughout the Fleurieu Peninsula, with approximately 50 employees remaining in the region.

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