Fonterra's contractors to face slash and burn

  • 29/01/2016
Fonterra are believed to be wanting a 10 percent saving from thousands of suppliers and contractors (Getty file)
Fonterra are believed to be wanting a 10 percent saving from thousands of suppliers and contractors (Getty file)

Fonterra is targeting contractors that work closely with the dairy giant.

Fonterra has demanded a fresh 10 percent across the board saving from its suppliers and contractors.

The "at least" 10 percent saving figure has come from a Fonterra letter leaked to journalist Duncan Garner by a supplier.

In the letter, Fonterra says it needs to be more resilient, including a review that has seen staff sacked and now the number of contractors may be reduced.

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