Displaying items by tag: Theo Spierings

Fonterra chairman John Wilson says from a Fonterra governance perspective and the way the cooperative manages its business, its balance sheet is strong.

Fonterra is losing control – control of correctly predicting the mood among commodity buyers and correctly predicting how dairy prices will fare.

Fonterra has announced a reduced farmgate milk price to $3.85/kgMS plus a 40-50 cent dividend per share for the 2015/16 season.

Fonterra staff could be facing another wave of job cuts next month.

Will the acceptance of a pay cut by Fonterra boss Theo Spierings solve the dairy industry’s problems? as suggested by Labour primary industries spokesmen Damien O’Connor.

Fonterra has started consulting staff on proposals to streamline its business. The co-op is likely to shed hundreds of jobs as part of the review.

Fonterra is set to cut hundreds of jobs from head office as it undergoes a major review of operations. 

Fonterra has described its half year trading as subdued, with revenues dropping 14% compared to last year.

FONTERRA HAS launched a campaign to lure more suppliers.

FONTERRA’S INGREDIENTS business is an “aircraft carrier” that allows the co-op to visit global markets efficiently, says chief executive Theo Spierings.