November 1, 2018 / 4:16 AM / in 16 days

Australia's Graincorp to cut jobs in eastern ops as dry weather weighs

Nov 1 (Reuters) - Graincorp said on Thursday it planned to cut jobs at its eastern Australia grains unit to cut costs after a devastating drought in the area severely hampered the region’s grain harvest.

Australia’s biggest listed bulk grain handler said in a statement it would streamline operations and reduce management layers.

Reporting by Ambar Warrick in Bengaluru; Editing by Christian Schmollinger

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