UPDATE 3pm: TRUCKING company Mills Transport will cease trading at close of business Friday September 25 after operating for 91 years in the Northern Rivers region.
The family owners of the company have confirmed they reached the decision after "forming the view that their investment in transport was no longer supported by the returns offered by the market," director Reg Mills said.
It was simply no longer viable to make new investment in the business, he said.
Four generations of the Mills family have run the trucking company since it started in 1924.
The decision to close the business was difficult one, Reg Mills said.
"We are aware of the impact it will have on our loyal, and in many cases long standing, employees.
As this is a voluntary closure, Mills Transport confirms all liabilities including supplier invoices and staff entitlements will be paid," he said.
The company employs in excess of 100 staff, he said.
Mills Transport is committed to fulfilling its commitments to its existing customers and will continue to trade until September 25.
Mills is also negotiating on behalf of staff to see if it can help organise them jobs with the new contractors who will take over its business he said.
"The transport industry has provided four generations of the Mills family with many opportunities, experiences and memories and we appreciate the support we have received from our customers, suppliers and staff," he said.
INITIAL REPORT: LISMORE-based trucking company Mills Transport has told staff it will be closing down the business next month.
It is understood the decision will affect 115 staff members, but figures have not yet been confirmed by the directors of the company.
The family-owned business has been operating since 1924 in northern NSW and south-east Queensland, as well as along the Brisbane-Sydney corridor.
The company has been running offices in Lismore, Sydney, Brisbane and Murwillumbah, Harwood and Coffs Harbour
Employees were told at a meeting last Thursday the company will be closing its doors on September 25.
It is understood the closing is voluntary and no administrators are involved.
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