How public sector cutbacks are affecting our top listed companies

Listed property company Argosy counts MBIE as one of its top 10 clients. (Photo: NZME)

Mon, 15 Apr 2024

The updates are almost daily now about job losses and cutbacks in the public sector. Ministry of Business, Innovation and Employment (MBIE), the National Institute of Water and Atmospheric Research, Callaghan: all are facing proposed redundancies. The Reserve Bank of NZ is keeping interest rates high and now here comes the belt-tightening as the inflation beast is battered back and a new government looks to retrench a burgeoning public service. How will these public sector cutbacks affect listed companies? Craigs Investment...

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