New Zealand dairy giant Fonterra has confirmed plans to cut around 300 roles from its head office as part of an ongoing cost-cutting review across the business.

Fonterra announced the proposed reductions in May but said today (9 July) it had completed consulting with staff and confirmed it will achieve a reduction of around 300 roles.

CEO Theo Spierings said the co-operative’s review had identified opportunities to reduce duplication and layers of management within the corporate office and opportunities to progress Fonterra’s strategy implementation. “These reviews are not easy and that makes it all the more impressive that the people involved have been professional, open and honest in their views and supportive of what we’re aiming to achieve.

“We are investing in growth and it is important to ensure our people are working on the right things and that we are spending our capital on the right priorities. We are confident the review has achieved this.”