Yarrows sale welcomed

Friday 14 October 2011

Media Release

Yarrows sale welcomed

The Engineering, Printing and Manufacturing Union (EPMU) is welcoming the sale of the troubled baking business Yarrows to John and Rosaleen Yarrow and is looking forward to working with the new owners to restore the iconic Taranaki company to its former status as a proud and profitable local employer.

Yarrows, one of New Zealand’s last independent bakers, were put into receivership in May this year resulting in a company restructure that saw about 60 workers being made redundant out of a staff of 200.

The EPMU represents the majority of the production workers at Yarrow’s Manaia facility in South Taranaki and has worked closely with the receivers, accounting firm BDO, to minimise job losses and ensure the continuity of production while they finalised the sale of the bakery.

“Keeping a close family connection to the Yarrows is welcome news and represents a new beginning as well as a return to the traditions that made Yarrows Bakery such an important employer in the region and a brand recognised throughout the country,” says EPMU Lead Organiser, Wayne Ruscoe.

The EPMU will be consulting with its members over the next few days about the way forward under Yarrows new owners and also the process for recovering monies owed as a result of the receivership.

“We look forward to working with the new owners to ensure that Yarrows the Baker’s enjoys a smooth transition out of receivership and gets back on its feet financially.”

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