New deal with union underpins NZ Steel's A$50M savings drive
By Pattrick Smellie Oct. 5 (BusinessDesk) - New Zealand Steel's blue collar workforce has agreed to forego annual bonus payments during unprofitable years to allow the Auckland-based unit of ASX-listed Bluescope Steel a fighting chance as it seeks A$50 million in annual saving...
Blue skies funding worthwhile, selection process has needless costs, Motu says
By Pattrick Smellie Oct. 2 (BusinessDesk) - Government spending on 'blue skies' research could be increased without lessening the value of the increased output, but current funding selection processes are almost certainly adding cost for no good outcome, economic consultancy M...
Shell postpones summer drilling in Great South Basin
By Pattrick Smellie Sept. 30 (BusinessDesk) - Global oil company Shell's New Zealand arm has postponed plans to drill an exploration well over the summer in the lightly explored Great South Basin, south of the South Island, where oil companies have looked for deep sea oil and...
Groser confirmed for Atlanta TPP talks as dairy deal heats up
By Pattrick Smellie Sept. 30 (BusinessDesk) - Trade Minister Tim Groser will attend a meeting of trade ministers in Atlanta, Georgia, where negotiations are attempting to conclude the Trans-Pacific Partnership trade and investment pact. Groser had been playing hard to get f...
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