Fonterra’s $3.2b capital return to farmers set to boost rural incomes and NZ economy
According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.
The Dairy Workers Union says redundancies at a Fonterra packaging plant in Waikato will come as a heavy blow to those affected and the union will be doing everything it can to support workers.
Fonterra are proposing 114 positions - of which approximately 80 are Dairy Workers Union members' positions - are made redundant at its Canpac packing operations facility in Hamilton.
"This announcement is the start of a consultation phase and we will be talking to our members and with the company to create good options for affected workers," says Dairy Workers Union national secretary Chris Flatt.
"Dairy Workers Union members at the site are covered by a collective agreement, and we are using the processes set out in the agreement to protect workers as much as possible."
"A consultative committee will now be established to minimise the impact on workers. We are working with the company on options like redeployment inside the business and in the wider Fonterra group as well as voluntary redundancies."
Dairy Workers Union members at Canpac have redundancy compensation provisions in their collective agreement.
Fonterra plans to realign its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals.
The proposal would see Canpac move to operating 24 hours a day, Monday-to-Friday, instead of the current seven days a week operation. The plant employs 330 people.
According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.
New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.
The climate of uncertainty and market fragmentation that currently characterises the global economy suggests that many of the European agricultural machinery manufacturers will be looking for new markets.
Dignitaries from all walks of life – the governor general, politicians past and present, Maoridom- including the Maori Queen, church leaders, the primary sector and family and friends packed Our Lady of Kapiti’s Catholic church in Paraparaumu on Thursday October 23 to pay tribute to former prime Minister, Jim Bolger who died last week.
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OPINION: Voting is underway for Fonterra’s divestment proposal, with shareholders deciding whether or not sell its consumer brands business.
OPINION: Politicians and Wellington bureaucrats should take a leaf out of the book of Canterbury District Police Commander Superintendent Tony Hill.