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20 Apr 2024 11:31
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  •   Home > News > Rural

    Fonterra has slapped a pay freeze on its top-earning executives

    Fonterra has slapped a pay freeze on its top-earning executives


    Fonterra
    Fonterra
    Chief executive Miles Hurrell has emailed staff to say those earning more than a hundred thousand dollars won't get annual pay increases in the year ahead.

    According to the 2018 financial report, more than six thousand of Fonterra's 22-thousand staff earn a hundred grand or more.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
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     20 Mar: There's bad news for dairy farmers on the eve of Fonterra's half year results -- with dairy prices dropping a further 2.8 percent at the latest Global Dairy Trade auction this morning
     13 Mar: Sheep and beef farmers are looking down the barrel of their worst year in 15 years
     07 Mar: Sheep and goat milk farmers are being left with few options as the sector grinds to a halt
     21 Feb: Dairy prices are up 0.5 percent at the latest Global Dairy Trade auction overnight
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