Synlait shake up from top to bottom

Synlait shake up from top to bottom
Synlait shares lift 1% on news of a restructure. (Image: Supplied)
Rebecca Howard
Job cuts at Synlait Milk will impact nearly all parts of the organisation, according to the head of the New Zealand Dairy Workers Union. “We’ve been informed that it’s quite a transformational restructure and that it’s going to affect nearly all parts of the organisation,” said national secretary Chris Flatt. “That’s right through from management positions, right down to manufacturing roles and positions that we would cover under our collective agreement,” he said."Our understanding...

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Synlait's bankers will 'extend and pretend'
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Company owes $130m to be repaid in five weeks and it hasn't sold its cheese brand yet.