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Wellard "credibility in tatters" and Elders considering reputational risk

17/6/2016

4 Comments

 
No, its not Animals Australia or those dreadful animal advocates, it is an article in the ultraconservative West Australian newspaper this morning.

The heading: "Wellard an embarrassing mess"
The text: "Now it’s not just ugly, it’s plain embarrassing."...

"...confirmed investors’ fears that the live export industry is a lot more unpredictable than they would have garnered from the company’s prospectus and that management’s visibility on earnings is worryingly clouded." ...

"It is the corporate equivalent of death by a thousand cuts."...

"...it will enter its second financial year with its credibility in tatters and facing a long period of rehabilitation."...

"For investors pursuing predictability, Wellard has been a disaster."...

Hmm no wonder Elders CEO said: "live exports were a high risk area from a company's financial and reputational points of view." ...YES THEY ARE!

Maybe the same economics that failed Australian animals so badly will end up saving them after all....ie when it all goes bust.







4 Comments
Denise leffers
17/6/2016 05:14:20 pm

Reply
lorettta
17/6/2016 05:41:01 pm

thanks for posting this. It all helps to show people the impacts of this cruel practice

Reply
Warren Wilson
17/6/2016 08:19:20 pm

In 1969-70 I served with the Australian Army in Sth Vietnam. During my 12 months operational tour I experienced many things, however one particular memory embedded itself in my mind and I've never been able to shake it. I once happened upon a dog slaughterhouse in a major town. Words cannot express the revulsion I still feel more than 50 years later at what I saw in that wretched place.

I was numbed by the dreadful images aired on the 7:30 Report.... it brought it all back to me. Nothing has changed.

Thanks VALE for what you do and stand for.

Reply
VALE
18/6/2016 01:56:57 pm

Thank you for your support and for sharing your experiences Mr Wilson. Your care, compassion and courage to air memories which we are sure you would rather forget, is much appreciated.
Your comments also highlight the major issue with live export. The importing countries dont have and never have had a culture of animal welfare. Sending our animals to these countries (to be killed by whatever means) is hardly an educational tool in animal welfare. Despite over 40 years of trade, there is no evidence that live export has ever changed the culture of welfare in an importing country. There is plenty of evidence to the contrary. Possibly the only real improvement anywhere has been stunning in Indonesia....and this happened not because of live export but because of its cessation!

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