a sad day, page-63

Is TIM going to collapse and add some numbers to unemployment in Australia or will TIM be able to restructure its debt?

Timbercorp manages large-scale farms across Australia, as managed investment schemes, and has 120,227 hectares of plantations.

It grows and sells almonds, olive oil, citrus, table grapes, mangoes, and avocados, and timber from eucalyptus plantations.

It has 180 employees and is responsible for a further 1500 employees and contractors throughout regional Australia.

http://livenews.com.au/rss-link/timbercorp-in-trouble/2009/4/17/203101

In a statement we read:
'The Company is also working with its advisers on a number of alternative funding and restructuring options aimed at raising additional cash for operations and reducing debt.