News

No downsizing: Elders

ELDERS has moved to quash rumours it will downsize its Warwick operations, in the wake of a corporate overhaul.

The iconic rural service provider, which maintains a livestock, real estate and insurance presence on the Southern Downs, announced on July 30 it would scrap 75 jobs at its Adelaide headquarters, sending tremors through its regional markets.

The jobs will be gone by the end of September.

With local fears of similar job cuts, the Daily News yesterday sought a direct assurance from Elders that it had no plans to down-scale its businesses here.

While Elders north zone general manager Greg Dunne would not "categorically" state no local changes were on the cards, he was adamant there would be no impact outside Adelaide.

"The restructure of Elders' Adelaide head office will have no direct impact on Elders' branch network or customer-facing roles, and for clients it's business as usual," Mr Dunne said.

"Elders remains committed to servicing clients in the Southern Downs region.

"Like any business, it is always reviewing its operations to ensure the best level of service delivery."

The Elders Warwick office was temporarily closed last week due to branch manager George McVeigh's daughter being involved in a serious vehicle accident, and other key staff are understood to have been away sick.

In an end-of-financial-year press statement on July 30, Elders chief executive Malcolm Jackman said the "restructure of its corporate and back office functions" would keep the company "strong now and into the future".

Mr Jackman said it had been a "tough day" for Elders in Adelaide, but the "proactive decision will reset core back office capability".

"That capacity will be appropriate for the business in current and anticipated market conditions," he said.

Elders story

  • Elders businesses date back to 1839 and today's network includes 230 rural branches
  • Operations include farm supplies, livestock marketing, wool, grain, real estate, insurance, banking and financial planning

Topics:  elders



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