G-MW is ditching some real estate as part of its drive to cut costs and improve its bottom line performance.GEOFF ADAMS January 22, 2013 4:09am
G-MW is ditching some real estate as part of its drive to cut costs and improve its bottom line performance.The corporation will be getting out of two of its leased Shepparton buildings and is also planning to close and sell its Shepparton depot in the long term.
Staff will be moved to Tatura.
G-MW managing director Gavin Hanlon has also flagged that he is looking at the viability of other depots across their region.
He expects to release a blueprint within the next few months setting out how the cost savings and revenue changes fit with the long-term restructure.
‘‘While we need a regional office presence, we don’t necessarily need to have depots everywhere.’’
The leased Shepparton space includes the former NVIRP office in Wyndham St and a floor in the multi-storey building in Welsford St opposite the Greater Shepparton City Council office.
As part of its business restructure the corporation recently announced it was selling a porfolio of about 20
The move is expected to generate extra income as well as impact on costs as G-MW had to bear the storage charges.
Mr Hanlon said the water sales would be of smaller parcels and spread over time so they would not artificially affect water prices.
Tenders are being called for experienced water traders to handle the sales. Mr Hanlon said the criteria for tenders included experience and competitive fees.
G-MW has held some of the small parcels for years, but most of it has come from the closure of the Campaspe irrigation district.
‘‘In the long term G-MW should not be a water holder at all,’’ Mr Hanlon said. ‘‘Our job is to deliver it, not own it.’’ Mr Hanlon has promised farmers he will cap water prices and address cost issues, and last year announced the corporation would shed about 60 jobs and require a further 120 staff to change jobs in a new structure.
Neighbourhood Watch Week will start with a sizzle — a sausage sizzle to be precise — at Sevens Creek Dve in Kialla.
Victoria State Emergency Service (SES) and other emergency services are preparing for the next round of wild weather in the north-east.
It was clear blue skies last Tuesday for the official launch of the Gargarro (pronounced Ga-gar-ro) Botanic Gardens in Girgarre.
SNAKES will be coming out of hiding as the weather warms up.
KATH Bubb has been recognised for 50 years of service with the Ballendella Red Cross.
IT EXPERTISE in Kyabram has received recognition after Advance Computing won a Microsoft Australia Partner Award in the excellence in regional area customer category.
Seymour A and B-grade in season decider
Extensive rainfall in the Southern Riverina is having a negative impact on farming.
When Pyalong Primary School does something, it does it well. Here are the students all dressed up for the school's recent Roald Dahl day to celebrate the 100th anniversary of the author’s birth on September 13, 1916.
Yarroweyah's Katie Anderson will be heading to Wisconsin in the United States after winning the Dairy Youth Travel Scholarship.
After a 30-year career as an accountant in Deniliquin, Peter Skipworth officially retires today.
Tuesday, August 16
The News magazines are online - read high quality magazines in your time. Check in regularly for the latest editions.
Riverine Herald's well regarded locally produced magazines. They're now online, so you can read them whenever and wherever you like.
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.