ABOUT 70 workers at Australian food manufacturer Rosella lost their jobs last Friday following the receivers’ failure to sell the business.
The factory at Distribution Place, Seven Hills where sauce, spice and chutneys were made was closed about two months after going into receivership.
Ferrier Hodgson partner and Rosella receiver Jim Sarantinos thanked staff for their efforts throughout the receivership.
“The loss of jobs is disappointing but unavoidable due to the scale of losses the business was sustaining on a weekly basis,” Mr Sarantinos said.
“We had hoped that a suitable buyer would have been able to breathe new life into the business and preserve these jobs.
‘‘We have exhausted all options for a sale and unfortunately, we have no alternative but to cease trading.”
Australian Manufacturing Workers Union NSW secretary Tim Ayres said its officials met with the workers to ensure they were paid all of their entitlements.
He said the workers were well trained and the union would try to find new jobs for them.
Meanwhile the receivers will now turn to selling the brands within the Rosella group including Rosella, Aristocrat, Blue Banner, Galiko, Stromboli and The Curry Makers.
The Gourmet Food Group – incorporating Rosella Foods, Waterwheel Industries and Pitango Cuisines – was placed in receivership on November 30, 2012.
Waterwheel Industries has since been sold to Greens General Foods while Pitango Cuisines continues to be traded by the receivers while a sale is finalised.