Fonterra lays off a further 227 staff; total job losses from ongoing review hit 750

Sun, 20 Sep 2015

By Fiona Rotherham Sept. 21 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, has announced a further 227 job losses today as part of an on-going business review that has already seen 523 laid off in July. Fonterra chief executive Theo Spierings said the cooperative had to make tough decisions to ensure Fonterra remains competitive in an environment of low global dairy prices. “We will continue to fine-tune our organisation to ensure we best support the initiatives identified by our business review,” he s...

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