News | Business
9 Jul 2020 14:17
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

    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.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     09 Jul: Uncertainty over what will happen to power prices - after the nation's biggest energy user cemented plans to close
     09 Jul: Assurance the loss of New Zealand's only aluminium smelter has nothing to do with the Covid-crisis
     09 Jul: Rio Tinto says it has started plans to wind down and close the Tiwai Point Aluminium Smelter
     09 Jul: The Health Ministry didn't close a central Auckland supermarket visited by a man with Covid-19 ... because he wasn't positive at the time
     09 Jul: The Public Service Association's criticising how Auckland Council dealt with announcing further job losses
     08 Jul: Power is being restored to 25-thousand homes and businesses north of Auckland as stormy weather rocks the region
     08 Jul: An Ashburton farmer has taken out the Guinness World Record for the highest wheat yield
     Top Stories

    RUGBY RUGBY
    The Blues have return to a three-playmaker model in their backline for Saturday's top of the table Super Rugby match-up against the Crusaders More...


    BUSINESS BUSINESS
    Uncertainty over what will happen to power prices - after the nation's biggest energy user cemented plans to close More...



     Today's News

    Entertainment:
    Jess Glynne has blasted a London restaurant for not serving her because of how she was dressed 14:13

    Rugby:
    The Blues have return to a three-playmaker model in their backline for Saturday's top of the table Super Rugby match-up against the Crusaders 14:07

    Business:
    Uncertainty over what will happen to power prices - after the nation's biggest energy user cemented plans to close 13:57

    Politics:
    Is Donald Trump going to win? The coronavirus pandemic, the economy and polling will help us find out 13:57

    Cricket:
    Sophie Devine will remain as the White Ferns full-time captain, when Amy Satterthwaite returns from maternity leave 13:47

    Entertainment:
    Disney star Sebastian Athie has died aged 24 13:43

    Business:
    Assurance the loss of New Zealand's only aluminium smelter has nothing to do with the Covid-crisis 13:27

    Politics:
    Comprehensive, holistic... and ambitious 13:27

    Entertainment:
    Maya Jama thinks she avoided any "inappropriate" behaviour in the entertainment industry because of Stormzy 13:13

    International:
    Think you know if US President Donald Trump will be re-elected? Here's what the ABC's readers told us 13:07


     News Search






    Power Search


    © 2020 New Zealand City Ltd