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17 Jan 2021 3:49
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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.

    © 2021 Newstalk ZB, NZCity


     Other Rural News
     16 Dec: Some good news for farmers, in the last Global Dairy Trade auction before Christmas
     05 Dec: Fonterra farmers are grateful for an extra 20 thousand dollars coming their way when milk markets are so precarious
     04 Dec: Fonterra farmers will share an extra 300 million dollars from a lifted milk price...thanks to strong demand from China
     04 Dec: Fonterra is waiting on regulators to clear the sale of its Chinese farms
     04 Dec: A recovering China is lifting hopes that Fonterra will continue to piggy-back on growing milk demand
     04 Nov: Dairy farmers are looking ahead - both for the environment, and their farms
     21 Oct: A challenging year ahead for beef and sheep farmers
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