Auckland Airport puts $2b of projects on ice; eyes cuts to pay, hours

Auckland Airport puts $2b of projects on ice; eyes cuts to pay, hours
Rebecca Howard
Auckland International Airport is suspending capital expenditure projects totalling more than $2 billion, releasing contractors and looking to cut employee salaries and hours as it struggles to ride out the covid-19 storm.The airport operator is also consulting with a large number of its employees around a proposal to reduce hours and salaries by 20 percent.“Auckland Airport is a resilient business, but these are unprecedented times and we are now moving quickly to identify ways that we can manage the impact on our organisation,” said chief exe...

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