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ECONOMY

New Zealand to cut 14% of public service jobs

New Zealand plans 14% public sector job cuts to save NZ$2.4 billion, Finance Minister Nicola Willis announces.

Mia Lopez
ByMia Lopez- Senior Editor
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New Zealand to cut 14% of public service jobs
Photo: Prepared by Bond.az

New Zealand's Finance Minister Nicola Willis announced on Tuesday that the government plans to cut public service jobs by nearly 14% and merge departments to save NZ$2.4 billion ($1.41 billion) over four years.

"Every dollar saved through fixing duplication and inefficiency is a dollar that can be redirected toward improving productivity, supporting growth, and improving New Zealand’s long-term economic resilience," Willis said.

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