As the belts are tightened after their highly publicised merger, around 90 senior Southcorp and Rosemount staff, mainly in middle and upper management, have been shed from administration, sales, marketing, winemaking, winery and vineyard operations. The redundancies are costing $6.3 million, but will result in estimated savings of $10.6 million per annum. Not only were there areas of duplication between the two companies, but even within the Southcorp side of the operation itself. The redundancies are spread across Australia, the UK, Europe and the US.
