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21 Jul 2018 8:39
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  •   Home > News > Business

    Nestle is pulling out of New Zealand

    Nestle is pulling out of New Zealand


    Dozens of jobs are set to go, after the chocolate maker and dairy giant reached a confidential agreement overnight to sell off its New Zealand brands.

    It's beginning consultation to reduce manufacturing at its south Auckland factory in Wiri.

    The company will sell brands like Mackintosh's, Heards, and Black Knight to Quadrant Private Equity, the owners of RJ's and Darrell Lee.

    Nestle says up to 55 roles will be made redundant from a workforce of more than 270.

    © 2018 Newstalk ZB, NZCity


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    The Wellington Chamber of Commerce says parking has been challenging in the CBD since the 2016 Kaikoura Earthquake More...



     Today's News

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    The Canberra Raiders chances of making the NRL's top eight are hanging by a thread 8:17

    Rugby:
    An early statement from the Black Ferns Sevens as they begin the defence of their Rugby World Cup Sevens title in San Francisco 8:07

    Netball:
    Janine Southby's topsy-turvy reign as Silver Ferns head coach is over 7:57

    Entertainment:
    The Duke and Duchess of Sussex are "frustrated" with her father Thomas Markle 7:57

    Environment:
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    Athletics:
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    Entertainment:
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    Rugby:
    The Black Ferns sevens are being clinical in their first game at the world cup in San Francisco 7:17


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