Skyline in New Zealand to make 1200 staff redundant? WATCH NOW!

  • May 05, 2020 NZST
  • Team Kalkine

More than half of Skyline Enterprises' 1200 staff, spread across New Zealand and at its international sites, will be made redundant. Skyline Enterprises operates the Queenstown gondola and luge, and similar operations in Rotorua, along with luges in Singapore, South Korea and Canada.

It also has property interests in Queenstown, Dunedin and Christchurch. Skyline started consulting staff a fortnight ago. Staff and shareholders were informed of redundancies yesterday.

Property company manager Augusta Capital is intending to raise $45 million from investors to pay back debt and stabilise the business.

 


Disclaimer
The video has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above video is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK