Fonterra staff informed hundreds of jobs would go hours after comments made to media

Thu, 11 Jun 2015

By Fiona Rotherham June 11 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, only told staff about the potential for hundreds of jobs to go several hours after chief executive Theo Spierings told media. Spierings fronted up to the media yesterday morning after widespread conjecture over a review underway and the involvement of business management consultant McKinsey & Co, and criticism over the cooperative’s underlying management performance. He said hundreds of jobs were likely to go as part of the revie...

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