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Article: PGG Wrightson will pay farmers after Abco fall
- Article from:
- The Press
- Article date:
- April 13, 2006
- Author:
CopyrightCopyright 2006 The Press. Provided by ProQuest LLC. (Hide copyright information)
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PGG Wrightson is footing the $400,000 bill to farmers owed money
by Oamaru's Abco Meats, which has gone into receivership.
Abco, which employs about 100 staff in Oamaru, was placed in
receivership last month after hitting financial strife.
While the receivers continue to work through the books, PGG
Wrightson has stepped in to pay farmers who sent stock to the plant
for processing when PGG Wrightson was acting as agent.
PGG Wrightson said it wanted to remove the uncertainty for its 60
clients who were caught out, but said it was not obliged to do so and
was not setting a ...