Friday, August 23, 2013

Fonterra New Zealand Had Suspended Their Operations In Sri Lanka

The Fonterra New Zealand Company has announced today(23) that they had temporarily suspended their operations in Sri Lanka with immediate effect due to the unstable situation for their company.last Friday(16) gampha district court in Sri Lanka has issued an enjoin order to Fonterra Company Sri Lanka banning advertising,distributing and selling of all their milk powder products for 14 days.

Afterwards the lawyers of  the plaintiffs in case filed against fonterra have produced evidence to the court stating the company has violated court order and advertised and sold their products in the market.this lead to a separate case filed against fonterra on contempt of court.

The chief executive of fonterra new Zealand theo speirings has said on their decision to suspend operations it was taken to ensure  safety of 755 local workers attach to the sri lankan plant and to secure company's assets.legal action is underway to resolving the order spierings has said.fonterra new zealand has already closed down their plants and office in Biyagama , Sri Lanka and have asked their workers to stay at home according to sources.

Recent developments occurred regarding fonterra products in Sri Lanka have made difficult to maintain their day to day operations here spierings further added.

No comments:

Baltimore Port Closure May Hit US Coal Export Volumes

https://www.foxbusiness.com/economy/baltimore-port-closure-may-hit-us-coal-export-volumes