Fonterra cements position as the big cheese!
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
Fonterra is shedding another 227 jobs as part of an on-going business review.
In a statement today, the co-op said total job losses to date stands at 750; it had previously announced 523 job losses.
Fonterra chief executive Theo Spierings says the purpose of the review is to ensure that Fonterra remains well positioned to compete in a rapidly changing global dairy market.
One-off savings generated by changes the cooperative is making during the business review, such as improving working capital, have already enabled the cooperative to support our farmers during challenging market conditions.
The review is an on-going process that looks at the entire business to identify potential areas where the cooperative can find more efficiencies and improve future performance, he says.
"We have great people, but we have to make tough decisions to ensure Fonterra remains competitive in this environment. We will continue to fine-tune our organisation to ensure we best support the initiatives identified by our business review," says Spierings.
"Our business is looking to the future with the momentum, energy and solid plans needed to keep improving performance."
'A lot of interest and positive responses' appears to be the way farmers are viewing the Government's initiative to hold a series of woolshed meetings around the country.
A Southland farming leader wants the regional council to delay a proposed regional rates hike, much of which is intended to fund flood protection works.
Rural Women New Zealand (RWNZ) says access to personal banking services in rural communities is fundamental to promoting outcomes that benefit Kiwi consumers.
A group set up to boost education and promotion of wool says it has made positive strides during the first year of its three-year strategy.
Meat processor ANZCO Foods says despite a challenging business environment, it has posted a net profit before tax of $61 million for 2023.
Horticulture NZ chief executive Nadine Tunley will step down in August.
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OPINION: It seems every bugger in this country can get an award these days.