Australian Manufacturing Workers' Union

 

JOIN US

AMWU: Fonterra profit announcement sign of "greed"

26 September, 2022 – AMWU Tasmania State Secretary John Short has hit out at dairy corporation Fonterra after it announced a spike in profits despite keeping workers' wages low.

“Fonterra’s continued refusal to deliver a decent pay increase to their employees is purely driven by greed and the desire for profit," Short said.

"On Thursday Fonterra announced a 16% increase in profits over the last year in Australia, as well as a 43% increase in normalised earnings before interest and taxes. On top of that, Fonterra have taken their Australian business off the market. It was a clear sign that Fonterra’s continued suppression of wage growth is profit-driven.

"It is an absolute disgrace that skilled workers are expected to sell their knowledge and skills to make these huge profits without being recognised accordingly.

"In a time where the cost of living is soaring, skilled workers are being offered less, making their talent and skill an undervalued resource that multi-national companies such as Fonterra take advantage of. It’s time for Fonterra to recognise their workforce and stop devaluing their skills for further profits.

"The AMWU calls on Fonterra to deliver sustainable cost of living wage increases and stop ignoring where their profits are derived from: the factory floor."

Media contact: Alex McKinnon 0419 286 145

Share on

Media releases

Jan 11, 2023

Workplace laws need overhaul to empower union members

11 JANUARY 2023 – The Australian Manufacturing Workers' Union (AMWU) has called for an overhaul of workplace...


Dec 13, 2022

Energy supply incentives must not become Qantas-style corporate handout

13 DECEMBER 2022 – The Australian Manufacturing Workers’ Union has urged the Albanese Government that its...


Aug 31, 2022

AMWU calls for multi-employer bargaining, reduced working week

August 31, 2022 – The AMWU is calling on the federal government to support a raft of workplace changes at...