UPDATE 1-Labour dispute ends at Australia's biggest sugar maker Wilmar
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 13 2024
0mins
Source: Yahoo Finance
Resolution of Industrial Dispute: Workers at Wilmar Sugar and Renewables accepted a pay offer, ending a months-long industrial dispute that disrupted sugar production in Australia, with 55% voting in favor of a three-year deal that includes bonuses and pay increases.
Impact on Sugar Industry: The resolution is seen as a relief for the sugar supply chain, which faced delays in cane crushing and anxiety among growers and contractors, with Wilmar's mills processing about 40% of the estimated sugar cane crop this season.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
