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25 May 2020 9:55
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  •   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


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     23 May: The impact on retailers from the Covid-19 lockdown is expected to be enormous
     23 May: The NRL have secured a significant win, with the referees' union dropping their threat of industrial action and the pocket official scrapped less than a week before the competition restarts
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     Today's News

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    Accident and Emergency:
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    Environment:
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    Business:
    Changes to the building consent process have been a long time coming, in the eyes of master builders 7:46

    Environment:
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    Environment:
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    Law and Order:
    Southland duck shooters caught without gun licences have had an opening weekend they'd rather forget 7:06

    Rugby League:
    News Talk ZB Sport - 4:36


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