News | Rural
25 Jan 2021 17:32
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Days of Xmas
  • 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 > Rural

    Shane Jones says Fonterra's executive needs to be pruned, as the dairy giant grapples with a 605-million-dollar loss

    Shane Jones says Fonterra's executive needs to be pruned, as the dairy giant grapples with a 605-million-dollar loss


    Fonterra
    Fonterra
    Jones is the minister for Fonterra's second biggest shareholder, state-owned Landcorp.

    He says it's sad a lot of their culture has left the countryside.

    Jones says Fonterra thought they were a corporate form of a NASA rocket - that they could fire themselves way into the universe and not forget about the day-to-day gravitational pull of making money at home, before you conquer the world.

    He says they've been brought down to earth, and those executives who contributed to that false dream need to be shown the door.

    © 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
     Top Stories

    RUGBY RUGBY
    The Kansas City Chiefs are heading back to the Super Bowl to defend their title More...


    BUSINESS BUSINESS
    Prevailing winds have blown an Auckland ferry terminal opening off-schedule More...



     Today's News

    Rugby:
    The Kansas City Chiefs are heading back to the Super Bowl to defend their title 17:27

    International:
    Veteran quarterback Tom Brady reaches 10th Super Bowl, beating Aaron Rodgers's Green Bay Packers 17:17

    Cricket:
    The Canterbury men's side has set Wellington 155 to win their Super Smash Twenty20 game in the capital 17:07

    Rugby League:
    St George Illawarra playmaker Corey Norman is being investigated by the NRL's integrity unit for his alleged involvement in a street brawl in Cronulla over the weekend 16:57

    International:
    China is building border walls with Vietnam and Myanmar to keep people out, but also in 16:27

    Golf:
    American Jessica Korda has clinched her first LPGA Tour win in nearly three years 16:17

    Living & Travel:
    New Zealand's COVID-19 community transmission case likely came from returned traveller in hotel 16:07

    Law and Order:
    Three arrests in Waikato - as police investigate a string of burglaries in Te Aroha. 15:27

    Rugby:
    Luke Jacobson has unfinished business with the All Blacks in 2021 15:17

    Golf:
    Si Woo Kim has earned his third PGA Tour title with a storming final round at the latest stop in California 14:57


     News Search






    Power Search


    © 2021 New Zealand City Ltd