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China-focused vitamins giant Blackmores to cut jobs in Australia, NZ – NEWS.com.au
China-focused vitamins giant Blackmores to cut jobs in Australia, NZ
Vitamins colossus Blackmores will slash about 10 per cent of its workforce in Australia and New Zealand under a restructure, saying it will reinvest in high growth markets in Asia.The company made the announcement while booking a 66 per cent slide in reported net profit for 2019-20 to $18.1 million.
Total revenue was down 3 per cent but up 30 per cent in international markets.
Chief executive Alastair Symington said that came despite unprecedented disruption caused by the coronavirus pandemic….
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