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

 

NZ Post to cut 120 jobs, shrink mail processing to 3 sites

NZ Post to cut 120 jobs, shrinking mail processing to 3 sites from 6

June 26 (BusinessDesk) – New Zealand Post, the state-owned postal service, will reduce its processing centres to three from six, shedding a net 120 jobs, as it seeks to rein in costs in the face of falling mail volumes.

Mail will be processed at mail centres in Auckland, Palmerston North and Christchurch and processing will end at its Hamilton, Wellington, Dunedin and in satellite processing sites, the Wellington-based company said in a statement. The changes will be phased in through 2014.

“The number of pieces of mail being processed has fallen by nearly 200 million in the last decade,” said chief executive Brian Roche. “We looked at all options and decided this plan will allow New Zealand Post to achieve savings on a meaningful scale while maintaining a high-quality service across New Zealand.”

Roche said mail volumes are falling by about 8 percent a year. Growth in the postal service’s parcel delivery business isn’t enough to make up for the decline, he said on a conference call. Savings would amount to $20 million to $30 million “over time.”

“Not to make the necessary changes now would imperil a network which is a vital component of the New Zealand economy and community,” he said. He can’t rule out further changes.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO:

New Report: Waitākere Kauri - Look After It, Or Lose It

With no cure for kauri dieback disease and treatment options still being trialled, the Auckland region faces a very real threat – take urgent action in the Waitākere Ranges or risk losing kauri from our forests altogether. More>>

ALSO: