UPDATE 2-NZ's Fonterra cuts dairy jobs as "white gold" rush fizzles

WELLINGTON, July 16 (Reuters) - New Zealand dairy exporter Fonterra is cutting jobs in an effort to shore up its cash flows as a slump in global dairy demand, particularly from No. 1 buyer China, threatens to snuff out the country's "white gold rush".

from http://ift.tt/1K9fv1K