Capital staff in gun

Wellington-based Contact Energy's plan to lay off about 100 of its 1100 staff by the middle of the year is casting doubt on many high- paying jobs in the city.

Contact Energy is among the top five payers of big sharemarket-listed companies, paying an average of $93,768 an employee in 2011. Almost 23 per cent of staff made more than $100,000 a year.

Contact's job cuts are part of a plan to chop $40 million in yearly costs. But the $40m included cutting procurement costs for anything from office stationery to power turbines, and rationalising IT systems, as well as job cuts.

Cutting 100 jobs at an average salary would save the company about $9.4m a year.

Contact's head office has 270 staff and its retail operation has 150 people in Wellington. The two sites are being combined, with retail staff moving into the head office building in coming months. The retail staff look after marketing and call centre management. Fairfax NZ

Taranaki Daily News