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

 

NZ Dairy Foods Announces Major Restructuring

22 August 2002


New Zealand Dairy Foods Announces Major Restructuring

New Zealand Dairy Foods (NZDF) has announced to staff a major restructuring plan that will be implemented in coming months. The announcement follows an extensive scoping study looking at how the business needs to be structured in the environment in which NZDF now operates, and to position the Company to become an even more significant player in the NZ domestic dairy foods market.

Says Peter McClure, CEO, “We are moving to a structure that reflects the fact that New Zealand Dairy Foods operates as a Fast Moving Consumer Goods Company (FMCG).

“The present structure, while entirely appropriate during our disengagement from the old Dairy Group, duplicates a number of services and resources throughout the organisation, and slows our ability to respond to customer needs. The new structure will enable us to move more swiftly, be more efficient and above all be more innovative in meeting the needs of our customers.”

The change will regrettably result in a number of positions being made redundant. Until NZDF has worked through the process with staff and their union representatives they are unable to be specific about the extent of these changes. NZDF has assured staff that the details of this will be worked through as quickly as possible.

Says Mr McClure, “Having confirmed the business model the company needs to operate under, we will work through the positions required to service this structure. It is only then that the exact number of positions needing to be made redundant will be known.”

NZDF was purchased in May 2002 by Rank Group. This followed an extensive sales process that initially saw Fonterra divest it’s 50% ownership in NZDF to Rank Group, followed by the acquisition of the remaining 50% of shares held by farmer shareholders.

Says Mr McClure, “It was always anticipated that once ownership of the company was resolved, restructuring of the business would occur. The new structure will see the food and beverage divisions merged into one customer focused business unit supported by a strengthened operations team.

“For the majority of our 900 staff it will be a case of business as usual. However, we are mindful that restructuring can be a very stressful time and we will be putting in place counselling and other support services to assist staff as much as possible.”


ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



Climate Leaders Coalition: Launches New Statement Of Ambition, Appoints New CEO Convenor

The Climate Leaders Coalition is tonight officially launching a new Statement of Ambition to accelerate business action on climate change... More>>


Retail: New Law Paves Way For Greater Supermarket Competition

Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>



International Business Forum: NZ EU FTA Coming Down To The Wire – Hold The Line

As negotiations accelerate to conclude an ambitious free trade agreement between New Zealand and the European Union, the NZ International Business Forum (NZIBF), representing a cross section of major exporters... More>>


MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>



Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>