Fonterra Co-operative slashes 523 jobs in bid to save up to $NZ60m

 In Australia, NewZealand
The world’s biggest dairy exporter, Fonterra Co-operative, will axe more than 500 jobs as global milk prices crash to a six-year low.
The New Zealand-based farmer-owned co-operative will cut jobs across its entire global operations, including Australia. It comes after management launched a review aimed at streamlining its operations to cope with plummeting global dairy prices.
The milk processor – which owns brands including Western Star butter and Ski yoghurt – will target jobs across its procurement, finance, human resources, information services and legal departments.  Sydney Morning Herald – Read more…

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