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Air New Zealand plans to close Auckland maintenance facility, cut 180 jobs, union says
By Tina Morrison Aug. 23 (BusinessDesk) – Air New Zealand, the national carrier, plans to close its wide body aircraft heavy maintenance facility in Auckland by July next year, with the loss of 180 aircraft engineering jobs, according to the union representing the workers. The...
NZ Refining turns to first-half profit on margin improvement that may not be sustained
Aug. 23 (BusinessDesk) – New Zealand Refining, the oil refinery controlled by its major customers, turned to a first-half profit as its margins recovered while warning the improvement may not be sustained in the face of excess global capacity. Profit was $5.3 million in the six...
Telecom FY earnings fall to bottom of guidance range, sees unchanged dividend in 2014
By Paul McBeth Aug. 23 (BusinessDesk) - Telecom Corp, which carved out its network operator unit Chorus at the end of 2011, reported a 0.5 percent decline in adjusted annual earnings to the bottom of its guidance range, and is predicting an unchanged dividend payment in 2014....
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