New Zealand Power Company axes 100 jobs to save $40M

New Zealand's biggest listed electricity company has just reached the end of a $2 billion spending programme on new power stations

New Zealand Power Company axes 100 jobs to save $40M

The power plant at Contact Energy’s Otahuhu Power Station Photo/ Greg Bowker  Contact Energy, which is owned by Origin Energy in Australia, says electricity demand remains weak, and shows few prospects of growth. Electricity Authority statistics show that two-year contracts for wholesale power, are down 26 per cent on current prices. CEO, Dennis Barnes is […]

No Employees In IRS To Talk To

by Roy Denish “Why are you fidgeting and restless?” Felix asked his son Stan. “No, Daddy. I’m not fidgeting. I’m furious!” said Stan. “Why, may I ask?”