New Zealand / A jobs crisis?

Transpacific waste management is the latest company to announce job cuts. It comes at the end of a week when at least 1000 more workers could be facing unemployment with Telecom restructuring and Solid Energy in financial trouble.

But are we facing a jobs crisis?

Transpacific has announced 200 jobs across Australia and New Zealand will go. It has the dubious honour of joining a downsizing club that in the last four weeks looks like this:

• Telecom’s restructure will see hundreds of jobs go.
• Solid Energy’s debts mount to $400 million. The axe now hangs over 1200 jobs.
• Contact Energy cuts 10 percent of its workforce – 100 jobs gone.
• Geon Print is in receivership. Potentially 300 are jobs affected.
• A hundred jobs are to go as New Zealand Post business datamail replaces people with machines.
• Construction company Mainzeal collapses. Hundreds of contractors are locked out.
• Summit Wool Spinners sells its plant – 200 workers are made redundant.

Chosen excerpts by Job Market Monitor from

via Is NZ facing a jobs crisis? – Story – Business – 3 News.