Synlait Milk looking to slash headcount by 15%

Synlait Milk says it will provide more details at its annual result later this month. (Image: Supplied)

Wed, 08 Sep 2021

Synlait Milk is looking to cut 15% of its staff to reset the business and generate savings of approximately $10 million to $12m a year. “We need to build teams that are working together with clear roles and responsibilities, and the systems needed to chase the growth we are looking to achieve. This is not just a cost out exercise, it is a complete reset of how we operate as a business,” said chief executive John Penno. The company is discussing the proposed changes with impacted team members and union representatives. The...

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