Alliance, facing consecutive heavy losses, has appointed Craigs Investment Partners to explore external capital-raising options with encouraging interest from international and domestic parties. Despite posting a loss of $95.8 million, the co-op is seeking capital from farmer shareholders, focusing on strategic fit and value. The company made progress on key technology projects, adapting to challenging global markets and aiming to deliver stronger returns to farmer-shareholders.
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NZ: Engineering firms lose 1200 people in a year
In the past year, hundreds of engineering staff have been laid off and 270 have left for jobs overseas, according to the Association of Consulting and Engineering (ACE). ACE chief executive Helen Davidson believes the actual number of lost jobs in the sector is likely higher, as the report only includes data from 71 of the 270 engineering and consulting firms represented by ACE. Despite the job losses, most firms remain optimistic about the sector's...
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