Nov 11 (Reuters) - Ridley Corporation Ltd RIC.AX :
* APPROVED AN INTERNAL RESTRUCTURE PLAN
* INTERNAL RESTRUCTURE PLAN WILL SEE SIGNIFICANT REDUCTION IN STAFFING LEVELS THROUGHOUT ORGANISATION TO BE IMPLEMENTED IN NOV
* ESTIMATED TOTAL COST OF RESTRUCTURE TO BE BROUGHT TO ACCOUNT IN FY20 IS C.$3 MILLION
* CONSTRUCTION OF NEW FEEDMILL AT WELLSFORD, IS PROGRESSING WELL & REMAINS ON TARGET FOR COMPLETION IN LAST QUARTER OF CURRENT FY
* UPON COMMISSIONING OF NEW FEEDMILL, THERE WILL BE RATIONALISATION OF RIDLEY'S EXISTING MILL CAPACITY FOR REGION