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- Release Date: 09/07/13 15:56
- Summary: GENERAL: FSF: FONTERRA SUPPORT SERVICES REVIEW
- Price Sensitive: No
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FSF
09/07/2013 13:56
GENERAL
REL: 1356 HRS Fonterra Shareholders' Fund (NS)
GENERAL: FSF: FONTERRA SUPPORT SERVICES REVIEW
Fonterra Co-operative Group today announced it has completed consulting with
staff as part of its Support Services review and as a result it will achieve
a reduction of approximately 300 roles first identified when the review began
in May.
The review is expected to be completed by October once people have worked out
notice periods.
CEO Theo Spierings said the co-operative's review had identified
opportunities to reduce duplication and layers of management within the
corporate office and opportunities to progress Fonterra's strategy
implementation.
"These reviews are not easy and that makes it all the more impressive that
the people involved have been professional, open and honest in their views
and supportive of what we're aiming to achieve.
"We are investing in growth and it is important to ensure our people are
working on the right things and that we are spending our capital on the right
priorities. We are confident the review has achieved this."
End CA:00238369 For:FSF Type:GENERAL Time:2013-07-09 13:56:43
