Job cuts on the table at embattled BX Foods

BX Foods' plant in Oamaru. (Image: Google Maps)

Thu, 25 Jul 2024

BX Foods is looking to reduce the number of staff at its plant, saying it’s not sustainable to operate with its current cost structure.The Chinese-owned meat company has a plant outside Oamaru that processes beef, lamb, mutton, and veal.Nine years ago, the Overseas Investment Office (OIO) gave NZ Binxi (Oamaru) Foods – which is 97% owned by Heilongjiang Binxi Cattle Industry Co Limited, from China’s Heilongjiang province – the green light to purchase Lean Meats Oamaru (LMO) from Hawkes Bay-based Lean Meats for $5 million...

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