Social insurance could replace redundancy

Social insurance could replace redundancy
The jockeying has already begun on what the social insurance scheme should look like.
Paul McBeth
Business and union lobbies will work closely with the government in the coming months as they negotiate the details of the proposed public insurance scheme to protect workers who lose their jobs.Business NZ and the Council of Trade Unions had already been pushing for a social insurance scheme as a priority for the future of work tripartite forum in February last year, before the covid-19 pandemic forced the swift implementation of a wage subsidy scheme to save jobs and shore up business confidence.At the time, CTU president Richard Wagstaff and...

More Finance

NZ's financial stability risks higher than in recent years
Finance

NZ's financial stability risks higher than in recent years

The RBNZ says global uncertainty and underperformance are key factors.

Staff reporters 05 Nov 2025
Trade Me parent company appoints Owen Wilson as director
Finance

Trade Me parent company appoints Owen Wilson as director

Wilson was CE of $A30b Australian digital-property company Rea Group Ltd.

Staff reporters 04 Nov 2025
Westpac NZ eyes improved full-year 2026 profit on GDP gains
Finance

Westpac NZ eyes improved full-year 2026 profit on GDP gains

Looks to grow at pace of economy, invests in business. 

Andy Macdonald 04 Nov 2025
Westpac NZ calls on Google and Meta to do more
Finance

Westpac NZ calls on Google and Meta to do more

CEO says Google, Meta's effort are "piecemeal'"

Andy Macdonald 03 Nov 2025