meta Fonterra to shed large number of jobs to balance books :: The Bullvine - The Dairy Information You Want To Know When You Need It

Fonterra to shed large number of jobs to balance books


Economist Peter Fraser draws a ruler over Fonterra’s performance.

Fonterra has confirmed there will be job losses as it heads towards reporting a massive loss at the end of the month.

The extent of the cuts is unclear, but a number of sources have confirmed to Stuff they have heard about the losses.

It is understood middle management positions are more likely to go than processing plant workers.

A Fonterra spokeswoman acknowledged there would be cuts but would not say how many. “We have been open with employees that with a new strategy comes a new structure. Our new strategy is about being more focused, prioritising New Zealand milk, and being closer to our customers.

Source: stuff.co.nz


Send this to a friend