date:Jul 25, 2012
t closed three bakery facilities and plans to consolidate efforts with an upgrade of its Townsville bakery to create a manufacturing hub.
It also has several business units under review and has divestment plans for its oils and milling units.
Costly savings
While Project Renaissance remainson track,restructuring costs mainly relating to the bakery consolidation scheme are anticipated to hit A$70-75m, Goodman Fielder outlined in its statement.
The Australia/New Zealand Baking division is yet