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Liquidity crunch sends Green & Sons to the brink
16 Aug 2005
WA's biggest meat processor, E.G. Green and Sons, blamed the company's compounding liquidity shortfall over the past few months on new reporting systems that did not provide timely and accurate reporting of its position. Banks and trade creditors forced Green and Sons to suspend trading last Friday for at least two weeks. The abattoir is the state’s largest meat exporter. More than 500 jobs at its Harvey abattoir are at risk. The company said it would seek financial help from the government, but the government said it expected a commercial solution.
West Australian, 16/08/05
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