Spark to axe five from upper management

Spark to axe five from upper management
Spark has been restructuring, aiming to cut labour costs by $50 million. (Image: NZME)
Ben Moore
Spark is cutting its upper management headcount by five as part of its ongoing restructuring efforts.BusinessDesk has reviewed documents from an internal presentation given to staff on Jan 30, 2025.They outline plans to rescope the wider leadership group: the 56 managers who report to the senior executives.The documents state that 30 roles will be affected by the change, and 25 new "portfolio leadership" positions will be established, resulting in a net reduction of five roles.Of the new roles, 14 will be materially similar and so wil...

More Markets

NZX 50 locks in 1.22% gain on high volumes
Markets Market Close

NZX 50 locks in 1.22% gain on high volumes

Restaurant Brands gained over 65% after a takeover notice.

Gregor Thompson 30 Sep 2025
New SkyCity CEO Jason Walbridge got pay package worth $2.6m
Markets

New SkyCity CEO Jason Walbridge got pay package worth $2.6m

SkyCity Entertainment Group chief executive Jason Walbridge got a pay package worth $2.6 million in the latest year, but chair Julian Cook said only $1.6m of that was in cash.The figures were released on Monday in the company’s annual report.That showed Walbridge’s remuneration f...

Staff reporters 30 Sep 2025
Finaccess bids to bucket KFC-owner Restaurant Brands
Retail

Finaccess bids to bucket KFC-owner Restaurant Brands

Finaccess Restauración wants the rest of the shares at $5.05 apiece.

Gregor Thompson 30 Sep 2025
ComCom gives provisional nod to Huntly deal
Markets

ComCom gives provisional nod to Huntly deal

It comes on the eve of Govt decisions on the electricity market.

Ian Llewellyn 30 Sep 2025