Inframax may cut jobs in New Plymouth

17:00, Jul 11 2014

Redundancies could be on the cards with a proposed restructuring of Inframax's New Plymouth branch.

The roading and construction company's chief executive Chris Hayward said a restructure proposal was presented to New Plymouth staff on Wednesday.

"The proposal is currently undergoing consultation before any decisions are made," he said. "However, there is a possibility that redundancies could result from the ongoing restructure process."

Hayward could not confirm the number of redundancies, as he said that the consultation process with staff needed to be completed first.

Inframax was formed in 1999 after a merger of Te Kuiti company Waitomo Civil Construction and New Plymouth's Northgate Construction.

It is owned by the Waitomo District Council, employs about 150 staff, and has branches in New Plymouth, Te Kuiti, Whanganui and Taumarunui.

In 2013 the company reported a post-tax profit of $266,600, after being $1.93 million in the red the year before.

Advertisement

Taranaki Daily News