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


34 Jobs Saved Following Last Minute Office Supplies Firm Acquisition

More than thirty jobs at a nationwide, office supplies firm have been saved thanks to an overnight agreement with the administrator which will see it placed under new ownership.

NZ Office Supplies, which has offices in Auckland, Wellington and Christchurch was placed in voluntary administration earlier this week.

NXP, the largest supplier of business and cleaning products to the corporate and government sectors, has now entered into an agreement with the administrator to acquire NZ Office Supplies - ensuring continuity for all staff and customers.

CEO of NXP Joe Taylor says the company’s 34 employees around the country will be offered a new contract at the same rate of pay they are currently on.

“These are incredibly challenging and uncertain times for business and their staff, and we wanted to move quickly to reassure employees that all will have a job available to them and, for company’s customers, it will be business as usual,” he says.

Taylor says the NZ Office Supplies staff have been receiving the Government wage subsidy however the new employment contracts will mean a welcome return to their normal pay levels if they choose to accept them - including the company’s managing director.

NZ Office Supplies has more than 2,000 customers around New Zealand and the exclusive distribution rights for Fuji Xerox office supplies and copy paper.

Taylor says the accelerated acquisition will see the local ownership retained.

“We understand many Kiwi businesses are hurting in the current trading environment and we saw this as an opportunity to bring together two New Zealand owned companies with shared values under the same umbrella,

“Existing customers of the business will receive the same great service and be able to place orders across the wide range of products as they always have,” he says.

Taylor says NXP is fortunate to be in a strong financial position and has been operating as an essential service - which did not apply for the Government wage subsidy.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Air New Zealand: Employees Recognised With $1,000 Share Award

The efforts Air New Zealand employees made during one of the airline’s toughest years will be recognised via an award of $1,000 worth of company shares to all permanent employees... More>>

Consumer NZ: Bank Complaints On The Rise, Survey Shows

Nearly one in five Kiwis had a problem with their bank in the past year, Consumer NZ’s latest satisfaction survey finds. Consumer NZ chief executive Jon Duffy said the number of bank customers reporting problems had jumped to 18%, up from 11% in 2020... More>>

Federated Farmers: Applauds UK-Australia Free Trade Deal

News that Australia and the UK have signed a free trade agreement is a promising step forward in the fight against tariffs and protectionism, Federated Farmers says.
"It reinforces the international rules-based trading framework and is important for rural producers and global consumers," Feds President Andrew Hoggard says... More>>

ASB: New Zealanders Missing Out On Hundreds Of Millions In KiwiSaver Government Contributions

New Zealanders have just over a week to ensure they’re eligible for the maximum annual government KiwiSaver contribution... More>>

Stats NZ: GDP Climbs 1.6 Percent In March 2021 Quarter Following December Dip

Gross domestic product (GDP) rose by 1.6 percent in the March 2021 quarter, following a 1.0 percent fall in the December 2020 quarter, Stats NZ said today. "After an easing of economic activity in the December quarter, we’ve seen broad-based growth in the first quarter of 2021... More>>

Reserve Bank: Debt Serviceability Restrictions Added To Policy Toolkit

The Reserve Bank – Te Pūtea Matua and the Minister of Finance have agreed to update their shared Memorandum of Understanding (MoU) on macro-prudential policy and add debt serviceability restrictions to the list of potential tools available... More>>