Jobs axed at FEA's Lismore base
TEN jobs have been axed at the Lismore office of Forest Enterprises Australia as the receivers and managers attempt to deal with the ongoing fallout from the company’s $216 million debt.
Tim Norman, a receiver and manager who is also a partner with Deloitte, said the 10 jobs were part of 28 sackings throughout the company, with most coming from FEA’s offices in Launceston, Tasmania.
The redundancies also include managing director Andrew White.
The jobs axed in Lismore were directly linked to the maintenance of the forestry plantations in the region.
It is not clear if further jobs would be lost in Lismore and whether the benefits of the employees sacked would be met.
There is about 29,000 hectares of young trees under plantation on the Northern Rivers.
The job losses in Lismore were dealt with by receivers – FEA is under partial receivership – despite the plantations being under the control of FEA Plantations.
FEA Plantations, which is a wholly-owned subsidiary of FEA, is not in receivership, but is under voluntary administration.
The future of the plantations, their maintenance and eventual harvest remains cloudy.
It is understood FEA had a permanent staff of about 20, plus 40 contractors and 70 casuals, depending on the season, throughout the Northern Rivers.