A record number of businesses have sought advice about redundancies in the first three months of the year, according to new Employers and Manufacturers Association data.

EMA’s AdviceLine received 403 queries from businesses on the topic of restructuring and redundancies last quarter - almost double that in the same period two years ago (204).

EMA’s head of advocacy and strategy Alan McDonald says this reflects many years of tough economic conditions.

"The last resort play for a lot of businesses when they look at their costs is - well, we're going to have to restructure the number of people. And that's what's happening."

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A record number of businesses have sought advice about redundancies in the first three months of the year, according to new Employers and Manufacturers Association data.
EMA’s AdviceLine received 403 queries from businesses on the topic of restructuring and redundancies last quarter - almost double that in the same period two years ago (204).
EMA’s head of advocacy and strategy Alan McDonald says this reflects many years of tough economic conditions.
"The last resort play for a lot of businesses when they look at their costs is - well, we're going to have to restructure the number of people. And that's what's happening."
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Alan McDonald: EMA Head of Advocacy on the increase in businesses seeking advice about redundancies

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fea12d72-b536-413f-a772-b2e4007ce796/transcript