Fonterra begins talks with workers as part of review to streamline business, cut costs

Wed, 01 Jul 2015

By Jonathan Underhill July 2 (BusinessDesk) - Fonterra Cooperative Group, which is looking to cut hundreds of jobs as part of a review aimed at stripping costs out of its business, says it has begun talks with workers in administrative roles such as finance, legal and information services. The world’s largest dairy exporter has hired business management consultant McKinsey & Co to assist in a review of its global operations, part of a strategy chief executive Theo Spierings says is needed to ensure Fonterra "is best placed to respond to a...

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