Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Shareholders’ Council Demands Action For Farmers


Media Statement – For Immediate Release

Thursday, 1 August 2002

Shareholders’ Council Demands Action For Desperate Farmers

Fonterra Co-operative Group Shareholders’ Council are demanding action from the company on behalf of its shareholders, Council Chairman Tony O’Boyle said today.

While the Fonterra management team is to be commended for making the structural changes required to form the company, the level of service to a significant portion of the shareholder base is unacceptable.

“I want Chairman John Roadley, to explain why assurances given to shareholders by CEO, Craig Norgate and himself to shareholders at last week’s Special Meeting had not yet been delivered,” Mr O’Boyle said.

“I rang the Chairman, who was with the Board and CEO in Washington, yesterday to further voice the Council’s frustrations.”

With the new season’s milk production starting to flow, Mr O’Boyle said desperate shareholders are ringing their councillors demanding action. “The problems being experienced lie at the very core of why farmers choose to supply a co-operative.”

Immediately prior to the company’s Special Meeting last Friday, the Council had received assurances, that the problems had been identified and all efforts were being made to resolve them. “The Council gave the company a chance to effect some change. A week later and the problems are still occurring.

We are now beyond accepting assurances”.

The issues range from:

- tankers not arriving to collect milk for the first day of pick up or
- Tankers picking up on day one and not coming again
- Significant delays in milk grade notification
- Illegibility of tanker dockets or tanker dockets not being left at all.

“I am now receiving daily briefings from the company on their resolution of these issues,” Mr O’Boyle said.

Mr O’Boyle said the company had agreed to have a representative from the company attend all Supplier Network meetings organised by the Council for shareholders.

“The real concern is the sheer diversity of the problems and the impact they are having on farmers,” Mr O’Boyle said.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Frog Recruitment: Kiwi Workers Reluctant To Make Business Trips Across The Ditch Despite Trans-Tasman Bubble Opening

When the trans-Tasman travel bubble opens today, many Kiwi companies won't be rushing to buy an air ticket, reluctant to cross the ditch to do business. The latest survey conducted by leading recruitment agency, Frog Recruitment of nearly 1,000 New Zealand ... More>>

Tourism: Employers Welcome Back Working Holidaymakers

Tourism businesses gearing up for the return of Australian visitors from next week will be relieved to learn that they will also have access to an offshore pool of much-needed job candidates, Tourism Industry Aotearoa says. Tourism employers around ... More>>

Commerce Commission: Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans

The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More>>

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>


Stats NZ: Prices For Transport And Housing Rise In March 2021 Quarter

Higher prices for transport and housing led to a 0.8 percent lift in the consumers price index in the March 2021 quarter, Stats NZ said today. Prices for getting around rose in the March quarter. Transport prices rose 3.9 percent, the biggest quarterly ... More>>

Stats NZ: New Report Shows Impact Of Demands On Land In New Zealand

A new environmental report released today by the Ministry for the Environment and Stats NZ, presents new data on New Zealand’s land cover, soil quality, and land fragmentation. The land cover data in the report, Our land 2021 , provides the most ... More>>

ALSO:

Stats NZ: March Card Spending Rebounds Despite COVID

There was a lift in retail card spending in March following a fall in the lockdown-disrupted February month, Stats NZ said today. Seasonally adjusted retail card spending rose by $53 million (0.9 percent), compared with February 2021. Visit our website to read ... More>>