The parent of Repco and NAPA will shut five of its warehouses in favour of centralising operations at a new 28,000 square metre distribution centre in south Auckland.
It had become more profitable to trade electricity than make newsprint at Norske Skog's ageing mill.
Aucklanders already know it and they're pretty smug about it too, but it's official, the city of 1.7 million is the most liveable in the world.
High wholesale spot prices and low rainfall have hurt Mercury's full-year earnings prospects, along with an unexpected breakdown at one of its geothermal plants.
Infrastructure Editor
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articles by Oliver