Rescue bid for Chikos

The makers of the Chiko Roll, US-owned JR Simplot, are reviewing the viability of their three Australian operations and have said they are considering closing the New South Wales factory where the Chiko Roll is produced.

The Chiko Roll in Australia is owned by US company JR Simplot, which is currently reviewing its Australian operations.

The Bathurst factory is in the spotlight because JR Simplot is considering closing the NSW plant, and the NSW government has offered a tax incentive to try to keep it operating.

The NSW government has offered a three-year payroll tax break to the Bathurst factory as a measure to support the operation and jobs at the site.

The Bathurst factory employs 195 staff, according to the report.

The tax break offered by the NSW government is for a duration of three years.

No. JR Simplot has said it is reviewing the viability of its three Australian operations and is considering closing the NSW factory, but no firm closure decision was confirmed in the report.

Everyday investors should monitor official announcements from JR Simplot and the NSW government about the review and any decisions on the Bathurst factory, as the outcome could affect local operations and jobs.