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Fonterra CEO Theo Spierings' salary freeze offer too late, farmers say

2015-10-01 07:22:30| Food - Topix.net

Fonterra boss Theo Spierings' salary has been frozen at his own request, but he will still qualify for major bonuses on top of his salary. Spierings requested the freeze for the 2015-16 year at a meeting of the company's people, culture and safety committee on September 21. That was the same day Fonterra confirmed 230 more jobs were going, adding to the 523 staff already made redundant in July.

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