Cutting Costs: Public sector redundancy payments to reach $250m

BusinessDesk examines the cost and impact of public sector restructures. (Image: NZME)

Mon, 09 Dec 2024

In the first of a three-part series on the cost and impact of this year's mass restructuring of the wider public service, BusinessDesk looks at redundancy payouts and the varying scale of job cuts. Government departments and agencies have forked out at least $106 million in redundancy payments to public servants since the change of government, with a further $144m expected to be paid out. After taking office, Finance Minister Nicola Willis asked ministries and agencies to find cost savings of 6.5% or 7.5%.The restructures that fol...

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