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Reuters
Reuters
Business

Australia's Graincorp to cut jobs in eastern ops as dry weather weighs

FILE PHOTO: The logo for GrainCorp, Australia's largest listed bulk grain handler, adorns a sign at the Burren Junction depot located in the New South Wales town of Burren Junction, located north-west of Sydney in Australia, March 15, 2017. REUTERS/David Gray

(Reuters) - Graincorp <GNC.AX> said on Thursday it planned to cut jobs at its eastern Australia grains unit to cut costs after a devastating drought in the area severely hampered the region's grain harvest.

Australia's biggest listed bulk grain handler said in a statement it would streamline operations and reduce management layers.

(Reporting by Ambar Warrick in Bengaluru; Editing by Christian Schmollinger)

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