Red Lea Chickens has been placed into voluntary administration and, as result, more than 500 workers have lost their jobs.
The company said in a statement posted on its website that it and certain related entities were placed into Voluntary Administration with McGrathNicol partners; Barry Kogan, Jason Preston and Kathy Sozou appointed as Administrators.
“Due to the financial position of the companies, we regret to advise that the Administrators are unable to trade the business and have no alternative other than to undertake an orderly wind-down of operations,” said the statement.
The sacked workers are from the company’s processing plant in the Western Sydney suburb of Blacktown as well as retail stores. The company has operated for over 60 years from this Blacktown site.