The Consolidated Meat Group, which is owned by Australia’s richest man Kerry Packer, is to close its Lakes Creek Meatworks in September, with the loss of 600 jobs.
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The Rockhampton, Queensland-based plant has been at the centre of a long-running industrial dispute
CMG executive chairman Ray O’Dell explained to the Gold Coast Bulletin that the plant was now unprofitable following a drop in international demand for meat: “That’s sad but, at the end of the day, the whole purpose of private industry is to make profit.”
