When the doors shut: employer and employee rights and obligations

When a business is in trouble what should employees be told? (Image: Getty)

Fri, 08 Aug 2025

Fri, 08 Aug 2025

New Zealand’s unemployment rate rose to 5.2% in the June 2025 quarter, according to figures released this week. As the economy takes longer to recover from the recession, costs increase and profit margins tighten, more businesses are facing solvency issues, and it is likely that the unemployment figures will be higher in the next quarter. Statistics for 2024 revealed the highest number of formal insolvency appointments for the past 10 years. As of 30 June 2025, that annual figure is on track for another increase. Tho...

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