03 November 1998
Scots co-op plans to cut staff by half
SCOTLANDS largest agricultural supply co-operative plans to halve its workforce after reporting losses of more than £500,000 for the year ended June 1998.
Jeremy Saunders, managing director of Central Farmers, said the job cuts will be made January.
The company has already sold its fertiliser bagging unit and closed the feed manufacturing unit at its headquarters in Methil, Fife.
Mr Saunders said the reduction in farm commodity values had trimmed Central Farmers turnover to £13.8 million in the past year – some £3.8m down on last time.
The co-op has 1500 members with a farmer customer base double that figure. It will continue to trade in fertilisers and in grain and feedstuffs.
Mr Saunders said 50% of the 90-strong workforce now faced losing their jobs.
- The Scotsman 03/11/98 page 26