Air NZ plans 385 crew cuts

Staff reporters
Wed, 16 Sep 2020

Air New Zealand has proposed 385 cabin crew redundancies as the airline continues to shrink in response to the covid-19 pandemic. The national carrier said in June it would have to cut another $150 million off its wage bill to align its cost base with revenue, which dropped by two thirds. The airline had already said it would cut its workforce by a third to save between $350 million and $400 million.Union E tu said the redundancies shouldn’t be proposed while Air NZ continues an agreement with a cabin crew company in Shanghai.&n...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property
Consent refused for Thiel's luxury lodge
Brent Melville | Thu, 18 Aug 2022

It'll be back to the drawing board for the tech billionaire's NZ team, after their consent application was turned down by hearing commissioners.

Markets
Xero’s US revolving door continues to spin
Jenny Ruth | Thu, 18 Aug 2022

Xero’s progress in Britain continues to be “more subdued than we’d like”, chief executive Steve Vamos told the annual shareholders’ meeting.

Art
Artists could get resale royalties – but what about TradeMe?
Warren Feeney | Thu, 18 Aug 2022

Those in the art world are asking where TradeMe fits into the conversation as NZ starts to pay artists a percentage of the resale of their works.

Sponsored
In uncertain times, bricks and mortar hold steady

Can real estate provide a hedge against high inflation? Scott McKenzie, CEO of PMG Funds, talks about why tangible assets can be defensive and how PMG’s latest investment offer will help make the fund more resilient.

Sponsored
Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.