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Australian Wine Brand Penfolds’ Owner Axes 60 Jobs in China

Australian Wine Brand Penfolds’ Owner Axes 60 Jobs in China

(AFR) — Penfolds owner Treasury Wine Estates has axed up to 60 positions from across its China wine business following the punishing wine tariffs imposed by the Chinese government. It is understood between 50 to 60 people were made redundant in the restructuring announced internally. Most of the redundancies are in the...

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Australian China Chinese Penfolds Tim Ford Treasury Wine Estates

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