Restructuring mistakes can be expensive

Restructuring mistakes can be expensive
The justification for redundancy often falls down on the selection and redeployment processes. (Image: Getty)
Rebecca Rendle
Statistics New Zealand’s announcement last week that annual inflation has dropped to 6.7% was welcome news, but there are still questions around whether NZ will go into recession. If it does, companies will need to protect and preserve their businesses from the impacts of a downturn. Already this year we've seen employers such as MediaWorks, The Warehouse Group, Amazon NZ, Xero and Sky Television announce restructures and many people are watching to see whether NZ will follow emerging international trends towards large-scale...

More Law & Regulation

Megaupload execs banned from being company directors until 2028
Law & Regulation

Megaupload execs banned from being company directors until 2028

Former Megaupload executives Mathias Ortmann and Bram van der Kolk have been prohibited from managing or directing any companies for five years, the Ministry of Business, Innovation and Employment (MBIE) says.In June 2022, Ortmann and van der Kolk broke with Megaupload founder Ki...

ComCom extends decision on Foodstuffs merger ... again
Retail

ComCom extends decision on Foodstuffs merger ... again

ComCom said it will issue a 'statement of unresolved issues'.

To flex or not to flex
Law & Regulation

Bronwyn Heenan: To flex or not to flex

It's time to review flexible working policies to ensure they're fit for purpose.