Posted 4/15/2024, 12:00:21 AM
New Zealand Slashes Thousands of Public Sector Jobs, Rattling Fragile Economy
- New Zealand government implementing substantial public sector job cuts, around 2,000 so far across ministries
- Cuts contributing to falling job vacancies and rattling already weak economy in recession
- Recruiters describe current job market as the worst ever, candidates taking roles with big pay cuts
- Some workers considering moving overseas for better prospects as hiring freezes set in
- Government says cuts needed to reduce bloated public sector, but full impact on economy not yet known
