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OPINION: At a time when dairy prices are at record highs, no one was expecting the world's second largest dairy player to slash jobs.
That's exactly what Nestle's new CEO Phillipp Navratil is doing though.
The global giant is laying off 16,000 employees over the next two years as part of its measures to reduce costs.
The layoffs will impact 12,000 white collar professionals across functions and geographies, as well as 4,000 employees in its manufacturing and supply chain.
Nestle employs 277,000 employees worldwide. The layoffs are almost 6% of its total headcount.
"The world is changing and Nestle needs to change faster. This will include making hard but necessary decisions to reduce headcount over the next two years," Navratil says.
A partnership between Canterbury milk processor Synlait and the world's largest food producer, Nestlé, has been celebrated with a visit to a North Canterbury farm by a group including senior staff from Synlait, the Ravensdown subsidiary EcoPond, and Nestlé's Switzerland head office.
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The ACT Party says media reports that global dairy giant Nestle has withdrawn from the Dairy Methane Action Alliance shows why New Zealand needs to rethink its approach to climate.
Global food company Nestle’s chair Paul Bulcke will step down at its next annual meeting in April 2026.
LIC shareholders have elected a new North Island representative to the co-operative's Board, along with five representatives to its Shareholder Reference Group (SRG), following the company's Annual Meeting held in Invercargill.
Farmers across parts of Southland and South Otago are continuing to deal with difficult conditions after a prolonged run of wet weather, with pressure building around feed supply, stock management, pasture damage, farm infrastructure and everyday workloads.
Federated Farmers says it welcomes Labour's commitment to reviewing the Sharemilking Agreements Act, calling on other major parties to do the same.
For Canterbury dairy farmers Sian Meijer and Rick Wobben, wearable technology has become one of their most valuable on-farm tools - helping manage 1850 cows across an expansive, high-performing dairy operation while improving efficiency, mating outcomes and day-to-day decision making.
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.
The first major update to the Dairy Cattle Code of Welfare in more than a decade has been released, marking what DairyNZ describes as an important step in ensuring animal welfare standards continue to evolve alongside scientific evidence and on-farm realities.
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