New Zealand

Wages of government workers better than private sector workers

Wages of government workers better than private sector workers

New Zealand's labor market has been shown to be undergoing the anticipated slowdown, as per the figures released this morning; with some areas are slowing more than others.

It has brought forward by the figures, included in Statistics New Zealand's Labour Cost Index, that in spite of the much talk about cuts by the government, the private sector slowdown is happening much faster than the public sector.

A rise by 3.6% in the year to June was seen in government sector wages, compared to 2.7% for the private sector.

Squatters stay put as eviction notice appealed

Glenn Hannah bought the Kaikohe building

As per the media reports, Glenn Hannah, an Australian man, who in April bought a Northland building - called the Kaikohe building - will have to wait for some time before he gets its possession.

The building, currently acquired by Maori squatters, was bought by Hannah at a mortgagee sale. But Nga Uri o Tupoto Maori occupiers claim that native title to the land overrides any other title.

ProvencoCadmus job-cuts not certain

Eftpos Machine

As per the media reports, receivers of Eftpos technology company ProvencoCadmus think it is too early to say if workers will be laid off.

After the company directors announced that there were not sufficient funds to meet working capital requirements, the receivers were called in on Monday.

According to Michael Stiassny, one of the receivers, 150 of the company's 180 staff are employed in New Zealand; but he cannot say if their jobs are on the line.

Solution for leaky homes asked from Minister

Building and Construction Minister Maurice Williamson

Building and Construction Minister Maurice Williamson is being urged by a group, helping people who have lost their homes and income due to leaky homes, to find a solution for the persistent problem.

It has appeared that Williamson has clarified that it is a big surprise for him to learn about the enormity of the leaky homes saga. He predicts the repair bill for 20,000 homes to be nearly $3.6 billion.

The Homeowners and Buyers Association are apparently shocked at his comments.

Seek defeated by Trade Me Jobs on local page impressions

Seek defeated by Trade Me Jobs on local page impressions

Seek has been officially defeated by Trade Me Jobs, which delivered 15 million domestic page impressions for July 2009; while 14.5 million page impressions for the same period were achieved by Seek.

It should be mentioned that this is for the first time that Seek has been taken by any competitor on a key measure of market leadership.

Poorer performance expected by Wakefield Health

Poorer performance expected by Wakefield Health

It has been forwarded by private health services company Wakefield Health that its upcoming six-monthly earnings in November might be quite lower than the figures for the same period last year.

Tuesday saw the company specifying that from the record earnings of the first half of the last financial year, the tax earnings could be 30%-40% lower for this year.

Wakefield Health, which saw the patient numbers decreasing, said that the outlook for DHB contracting work is uncertain, as is ACC funded work.

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