THL slashes about 100 jobs as it targets $12m in savings

Tourism Holdings reduced its headcount in Australia after a drop in demand over 2024. (Image: Supplied)

Fri, 06 Dec 2024

New Zealand Exchange-listed campervan company Tourism Holdings has axed about 100 roles, mostly in Australia, as it executes a flagged cost reduction plan.The company was targeting a $12 million after-tax profit cost savings in the 2027 financial year, and a cost reduction plan was announced at the company’s annual meeting in October.Because of a reduction in demand over 2024, the company closed its Melbourne sub-assembly plant and adjusted production planning for calendar 2025, it told the NZ Exchange (NZX).As a result, it reduced Austra...

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