News | Business
23 Sep 2018 17:13
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   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


     Other Business News
     23 Sep: The American cable giant Comcast has outbid Rupert Murdoch's Fox
     23 Sep: US kava bar in online backlash after trademarking Fijian greeting 'bula' as business title
     23 Sep: An American communications giant is emerging as the likely new owner of the biggest pay-TV company in Europe
     21 Sep: Returning a surplus to the Government is no longer a requirement for Housing New Zealand
     21 Sep: NRL referees will take industrial action against the organisation
     21 Sep: More money but less housing
     21 Sep: About 6000 employees of the country's largest retailer are getting bonuses - after a tough year
     Top Stories

    RUGBY RUGBY
    North Harbour's beaten Central 2-nil in the national women's hockey league final in Wellington More...


    BUSINESS BUSINESS
    The American cable giant Comcast has outbid Rupert Murdoch's Fox More...



     Today's News

    Tennis:
    The World team has rallied late on day two to stay in the hunt for victory in the Laver Cup tennis tournament in Chicago 17:07

    Hockey:
    North Harbour's beaten Central 2-nil in the national women's hockey league final in Wellington 17:07

    Entertainment:
    Lily Allen doesn’t think she’ll “ever really recover” from the “trauma” of giving birth to her stillborn son George in 2010 16:49

    Entertainment:
    Demi Lovato is “working hard on bettering herself” whilst in rehab 16:19

    Cricket:
    The new and old have come together to discuss the future of of the Black Caps 16:17

    Entertainment:
    Kylie Jenner has had a calf named after her after recently discovering the wonders of putting milk on her cereal 15:49

    Law and Order:
    A 22 year old man has been charged with murder following the death of a 48 year old man in Papamoa yesterday morning 15:27

    Entertainment:
    Jack Osbourne and Lisa Stelly have split their properties as part of their divorce settlement 15:19

    Cricket:
    New Black Caps coach Gary Stead is finding his feet in the new job 14:57

    Entertainment:
    Jessica Simpson was “surprised” to learn she is expecting her third child 14:49


     News Search






    Power Search


    © 2018 New Zealand City Ltd