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Australia’s wool industry merges and cuts staff due to record-low production, focusing on innovation over restructuring.
The Australian wool industry is restructuring amid record-low production, with two early-stage processors merging and the Australian Wool Testing Authority reducing shifts and staff due to declining volumes, though no lab closures are planned.
Brokers and exporters are adapting through mergers and cost cuts, while New Zealand sees similar consolidation efforts.
Industry leaders stress that long-term sustainability depends more on boosting wool’s market value through innovation and international marketing than on further structural changes.
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La industria de la lana de Australia se fusiona y reduce el personal debido a una producción récord, centrándose en la innovación sobre la reestructuración.