Fonterra this morning has announced that its Paraparaumu plant, on the Kāpiti Coast, is set to close.
Staff at the Te Roto plant were informed of the decision this morning.
It is the second ever worst result for the dairy industry giant. (Source: Other)
The dairy giant said work will move to its Eltham plant.
It comes after Fonterra this morning posted a net loss of $605 million following asset writedowns of $826 million.

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