Kiwibank substantially boosted its parent New Zealand Post's profit for the year ended June, with figures supplied to the market showing NZ Post would have barely broken even without the bank's contribution.
A Dunedin businessman is ''gobsmacked'' after the Otago Regional Council charged him $500 in late fees, even though he sent his rates payments before the due date.
As Christmas approaches fewer of us are sending cards but that is only one sign of a general drop in mail volumes. Kim Dungey talks to the posties whose jobs are on the line as a result.
An after-tax profit of close to $100 million by Kiwibank helped New Zealand Post lift what would otherwise have been an ordinary profit for the year ended June.
With further Dunedin job losses announced yesterday, many are starting to believe the Government is showing its disdain for the city. Business editor Dene Mackenzie investigates.
The Dunedin economy has been dealt another blow with the announcement yesterday 73 jobs will go when New Zealand Post closes its Dunedin mail centre next year.
Workers at the Dunedin mail centre are devastated their jobs will go in a major restructure of New Zealand Post, union representative Mike Kirwood says.
An improved interim profit from Kiwibank in the six months to December helped save face for its parent New Zealand Post, which continues to suffer from falling letter volumes and revenue.
New Zealand Post became the latest major employer to announce job cuts as it closes its Datamail centre in Petone, Wellington, at the cost of 70 jobs, and axes 30 jobs in Auckland.
New Zealand Post is moving its Dunedin operations in late January from its current position at 233 Moray Pl to 310 Moray Pl, the site formerly occupied by Colortronics Dunedin.
The first deliveries of more than 16,000 overdue letters and parcels by New Zealand Post yesterday was a case of better late than never for hundreds of Wakatipu residents.