New Zealand dairy products titan Fonterra Cooperative Group today [Tuesday] announced it is likely to make up to 200 staff redundant.
The cuts will come in Wellington in an effort to improve profitability by cutting duplication. A further 220 jobs in the capital will also be relocated, largely to HQ in Auckland, Reuters reported.
“Approximately 200 positions could ultimately become redundant as a result of duplication or business improvement initiatives currently underway,” Fonterra said in a statement.
