Synlait says the move will generate up to $12m a year in savings and is a 'complete reset' of how it operates as a business.
While boats are often being forfeited to the Crown for fishing offences, that punishment is routinely short-lived.
The company’s market capitalisation has dropped to A$4.26 billion.
Turning Skellerup around proved to be a long hard slog in which changes took years to pay off.
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articles by Riley