The Australian wine group Southcorp has announced write-downs of A$45m (US$23m) in wine inventory folowing the merger with Rosemount Wines. Chief executive Keith Lambert also said that previously announced wine group redundancies of 150 people, costing A$10.5m in the fiscal year just ended, had occurred and normal merger costs to effect the integration, costing a further A$4.0m, would be charged against fiscal 2001