BREAKING NEWS
PM says he is disappointed but won't accept Gerry Brownlee's resignation ... Read more
Close

200 Mainzeal staff axed

GREG NINNESS
Last updated 16:26 11/02/2013

Relevant offers

About 200 Mainzeal Property and Construction staff were made redundant today as the company’s receivers continued a review of operations.

Receiver Colin McCloy, of PricewaterhouseCoopers, said about half of the company’s 400 staff had been made redundant.

They were a mix a staff from its Auckland head office and various building sites around the country.

McCloy said it was necessary to review the company’s staffing levels to urgently reduce cashflows.

The receivers were conducting a site-by-site review of all of the company’s projects to work out the best strategy for each of them.

This involved about 40 projects, and McCloy said the receivers had reviewed about half of them since being appointed last Wednesday.

Ad Feedback

- Stuff

Comments

Special offers
Opinion poll

How should the council plug its financial black hole?

Increase rates

Ask the Government for more money

Cut spending on roads

Cut spending on community facilities eg pools

Cut spending on capital projects eg cycleways

Sell, or partially sell, assets

All of the above

None of the above

Vote Result

Related story: Council coffers fall short for rebuild funding

Featured Promotions

Sponsored Content