Flight Centre halves NZ workforce, pins hopes on domestic demand
Travel agent says further government support is needed, as parent posts A$662 million loss.
Office Max closing all 14 retail stores
OfficeMax is shutting down its chain of 14 retail stores at the end of October and shifting to online trading only. This will mean 55 jobs will be lost, managing director Kevin Obern said.In an email to customers it said it made the difficult decision to close its retail network...
Low interest rates kill Bonus Bonds - bye boomers
ANZ has announced it will kill off its Bonus Bonds Scheme and stop taking new money. What finally put the nail in the coffin for this outdated scheme? Low interest rates. In a statement on Wednesday morning, ANZ Investment Services (a subsidiary of ANZ Bank) said low intere...
STA Travel NZ in voluntary administration
Failure of Swiss parent meant NZ company likely insolvent, administrators say.
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