Cut with care
OPINION: The new government has clearly signalled big cuts across the public service.
Fonterra shrugged off the effects of COVID-19 in many markets to record a $67 million rise in normalised earnings before income tax (EBIT).
Fonterra chief executive Miles Hurrell says 2019/20 was a good year for the co-op, with profit up, debt down and a strong milk price.
Fonterra has told its farmer shareholders that on-farm sustainability must improve further or the co-op could lose $300 million of annual business from key customers.
Fonterra’s first half results show a turnaround in financial performance, with increased underlying earnings and reduced debt.
Fonterra chief executive Miles Hurrell says the popular Open Gates initiative is likely to go bigger next year.
Fonterra chief executive Miles Hurrell says the co-op cannot afford to repeat last year’s disappointing performance.
Fonterra chief executive Miles Hurrell is introducing a new “customer led operating model” as part of the co-op’s new strategy.
Fonterra chief executive Miles Hurrell has told co-op employees that more work is needed to turn the business around.
OPINION: The new government has clearly signalled big cuts across the public service.
OPINION: Your canine crusader is not surprised by the recent news that New Zealand plant-based ‘fake meat’ business is in…