RESEND: Fonterra expects hundreds of layoffs of support staff as part of major review

Tue, 09 Jun 2015

(Adds dropped word in first paragraph) By Fiona Rotherham June 10 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, said it will be laying off hundreds of its 1,500 head office and support function staff in a major reshape of the business following the global decline in dairy prices. Chief executive Theo Spierings has fronted up to media today about the restructure following widespread criticism over the dairy cooperative’s management performance at a time when global dairy prices and farmer payouts have...

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