AUSTRALIA: Nestle cuts 140 jobs in Goulburn Valley
More than 140 jobs will be lost in the Goulburn Valley town of Tongala in Victoria after food company Nestle's decision to stop powdered milk production, according to the Australian Broadcasting Corporation.
A further 84 jobs at the company's Tongala factory are also in question as the company decides whether to continue in liquid milk production, ABC said.
The move comes as New Zealand dairy company Fonterra consolidates its presence in Australia with a full takeover of the Bonlac group. Fonterra will also take over Nestle's milk suppliers in the Tongala area.
Campaspe Shire Councillor Neil Repacholi said the Nestle job losses are a devastating blow to the town of 1,200 people. "It's come at a bad time, we are in the middle of the severest drought the region has seen," he said. "The loss of 140 jobs, is a bitter blow to the town to swallow."
Nestle has indicated the jobs will be phased out in September.
New Zealand dairy company Fonterra today (Tuesday) has announced that it is consolidating all its interests in Australia under the Fonterra name and further expanding its milk collection and processin...
Nestle SA has apologized to Chinese consumers for high iodine levels found in its Chinese brand, Jin Pai Growing 3-Milk Powder, the official Xinhua News Agency reported, citing company sources, accord...
Nestle has not recalled infant milk powder formulas contains iodine higher than the national standard, according to the Xinhua news agency....
A milk powder produced by Nestle has been found to contain too much iodine and removed from sale, the China Daily newspaper reported today (Friday)....
US ice cream maker Dreyer's Grand Ice Cream has launched a new bite sized ice cream called Dreyer's Dibs, with the slogan, 'The next little thing in ice cream.'...
Food makers are producing an increasing number of products fortified with omega 3 oil, designed to provide the heart health benefits otherwise associated with eating oily fish, according to market ana...
New Zealand dairy company Fonterra has formed a new joint venture with South African dairy company Clover Industries Ltd after getting the go-ahead from South Africa's Competition Tribunal, the New Ze...
Nestle (Malaysia) Berhad has reported group pre-tax profit of 85.056m ringgit (US$22.4 million) for the first three months of this year, an increase of 2.5% from the same period a year earlier, accord...
- 2017: three major drivers of M&A strategy
- Comment: Premier has more to ponder than Brexit
- The food market in 2017 - consumer trends and M&A
- just-food 2017 Survey - your thoughts on growth
- Food market in 2017: need-to-know US trends
- Premier Foods issues profit warning
- Nestle mum on Mead Johnson takeover talk
- UK's Bakkavor plays down IPO "speculation"
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs