New Zealand's third consecutive day without covid-19 case | Market Update

  • May 20, 2020 NZST
  • Team Kalkine

New Zealand's biggest builder says it plans to lay off around 1000 staff in New Zealand, equating to around 10 per cent of its workforce, and has slashed capital expenditure in response to Covid-19.

A possible pay freeze at Auckland Council, and voluntary pay cuts among the higher paid, may deliver only 10 per cent of the $120 million the council has to cut from its budget in response to Covid-19. The mayor Phil Goff said he thought wider cuts to staff numbers would be needed, something signalled to staff in an email on Tuesday, by the chief executive.

New Zealand has achieved a third consecutive day without a new Covid-19 case, as the Ministry of Health releases a new contact tracing app NZ COVID Tracer. Director-general of health Dr Ashley Bloomfield delivered his update at the Beehive on Wednesday, followed by a separate press conference headed by Prime Minister Jacinda Ardern.

#newzealandcoronavirus #newzealandfacts #kalkine

 


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