Bonlac staff are yet to give new Kiwi colleagues the cold shoulder even though they got roles at the expense of redundant Australian staff, says new Bonlac CEO, Bruce Donnison.
says Australian staff were friendly, even though many of their colleagues went in the restructuring.
will still handle some Australian and South-east Asian sales where it already has well-established brands.
Fonterra initiated the merger to consolidate the company's home market and he
eventually hopes that Fonterra will be able to send a combined Australian/New Zealand milk shipment to some markets, thus cutting competition between the two countries.He
will effectively be Fonterra's fifth region, although the companies will retain separate brands.Donnison
says merging two companies will save $35-38 million in total, with overhead management costs making up $17 million of the merger savings.
will first need to account for $22 million of redundancy payments and IT costs.
says the company has a core group of suppliers loyal to the company and Bonlac
will now look to improve its supplier base.