Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Air New Zealand workers want a share of the pie

August 28, 2003

Media Release

Air New Zealand workers want a share of the pie

Workers at Air New Zealand who agreed to forego pay rises when the airline was in trouble say that today’s profit announcement is good news for the coming round of pay talks.

Air New Zealand today announced an operating result of $220.3 million, up from $33.3m last year and a $280m loss in 2001.

EPMU national secretary Andrew Little said that workers had shared the hard times – and expected to share the good times too.

“The fact that this airline has had a $500m turnaround over two years demonstrates the commitment of this workforce,” he said.

“These workers haven’t had a pay rise for 18 months. They accepted the need to tighten belts when the airline faced problems, and the fact that it is now declaring a healthy profit will be a factor in shaping claims for the forthcoming bargaining round.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>