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New Zealand dairy exporter Fonterra cuts jobs as global demand drops

2015-07-17 00:51:22| Food - Topix.net

A farmer monitors operations as dairy cows are milked in a milking parlour at a farm that supplies to Fonterra Cooperative Group Ltd. in Hamilton, New Zealand, on March 19. New Zealand dairy exporter Fonterra is cutting jobs in an effort to shore up its cash flows as a slump in global dairy demand, particularly from No. 1 buyer China, threatens to snuff out the country's "white gold rush."

Tags: jobs global demand zealand

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