Fonterra cements position as the big cheese!
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
Fonterra has started consulting staff on proposals to streamline its business. The co-op is likely to shed hundreds of jobs as part of the review.
In an update, Fonterra chief executive Theo Spierings says the consultation is being conducted globally starting with its procurement, finance, information services, human resources, strategy and legal functions. Other parts of the business will follow in the coming months.
The purpose of the review is to ensure that the company is best placed to respond to a rapidly changing global environment, says Spierings.
The initial phases of the process have looked at the entire business in detail and had identified potential areas, including significant initiatives in procurement, business operations and working capital, where the Co-operative can unlock increased value for its owners.
The cooperative’s leadership is now building these opportunities into defined plans that will drive further improvement across the business, allowing Fonterra to fund its growth strategy and deliver stronger results says Spierings.
“We have the right strategy and the long-term future of dairy is sound, however the world is changing and global dairy markets are increasingly volatile. To keep ahead of the game, we need to be more agile, reduce costs and generate value,” says Spierings.
Fonterra will provide an update on the impact to its business structures following completion of consultation, which is expected later in July.
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Horticulture NZ chief executive Nadine Tunley will step down in August.