Chief executive Miles Hurrell has emailed staff to say those earning more than a hundred thousand dollars won't get annual pay increases in the year ahead.

According to the 2018 financial report, more than six thousand of Fonterra's 22-thousand staff earn a hundred grand or more.

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Other Rural News

10 Oct: A warning to dairy farmers - to prepare for greater climate swings

08 Oct: Dairy prices have fallen 1.6 percent at this morning's Global Dairy Trade auction

29 Sep: Synlait's confirmed the sale of its loss-making factory at Pokeno to US company, Abbott

26 Sep: Fonterra doesn't see an end in sight, to the growing demand for dairy

26 Sep: Most dairy farmers are now breaking even again, for now

25 Sep: Fonterra's CEO says cheaper butter prices could be on the horizon

25 Sep: Our largest company has been seeing profits surge, despite a period of contraction in the economy as a whole

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