AWI looks to dip harder into reserves to ease budget pain

By Vernon Graham
Updated November 6 2019 - 3:55pm, first published 10:30am
CUTTING YOUR CLOTH: Australian Wool Innovation CEO, Stuart McCullough, says a revenue shortfall has triggered cuts across all marketing and research projects.
CUTTING YOUR CLOTH: Australian Wool Innovation CEO, Stuart McCullough, says a revenue shortfall has triggered cuts across all marketing and research projects.

Australian Wool Innovation (AWI) is likely to take about $8.5 million more from its reserves to shore-up its deteriorating revenue outlook in 2019-20.

Get the latest QLD news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.