Episode Details
Back to EpisodesRandall Wine Group Cuts Jobs Amid Industry Crisis
Description
Randall Wine Group, owner of popular wineries like Seppeltsfield, Gemtree, and Penny’s Hill, has laid off fifteen staff amid a grape oversupply, higher costs, falling global demand, and surging fuel prices. The company is focusing on revenue-generating activities and reviewing its vineyards. Owner Warren Randall calls for a third of Australia’s vines to be removed to fix the oversupply. Rising fuel costs add pressure, with federal officials releasing reserves and appointing a fuel supply taskforce. Randall plans to decide post-vintage whether to idle or remove some vines.
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