Fonterra shaves 50c off forecast milk price
Fonterra has dropped its forecast milk price mid-point by 50c as a surge in global milk production is putting downward pressure on commodity prices.
The Hound’s mate reckons it would be one of the toughest roles round, given that 1000 or so co-op employees are in for the chop as part of Fonterra’s current restruc- ture. The job ad euphemistically says, “Fonterra is going through a period of significant change and you will be responsible for imple- menting employee communi- cations strategies across the co-op...”. In other words, the job is to tell the lucky 1000 or so people nominated by the dairy giant’s big cheeses – in the nicest possible way – that they are in for the big DCM (don’t come Monday). Good luck with that!
