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  • News Date:
    Friday, January 30, 2015
    Body:

    Westpac bank has made the decision to pull out of the Pacific, announcing their intention to sell their operations in Samoa, Cook Islands, Solomon Islands, Vanuatu and Tonga by the middle of the year.

  • News Date:
    Friday, January 30, 2015
    Body:

    NZ banks on the whole have reduced their advertising spending in 2014, a combined drop of $9 million (7.5%) from 2013, according to a survey by Nielsen. The advertising budget for NZ banks totaled $110.3 million in 2014.

    The biggest cuts came from ASB and Kiwibank, who cut their advertising budgets by 39% ($11.1 million) and 33% ($7.7 million).

  • News Date:
    Friday, January 30, 2015
    Body:

    The growth of zero hour contracts– contracts where workers have no guaranteed hours – is causing significant concern in NZ, and unions (particularly Unite Union) are working hard to highlight this issue. It is particularly prevalent in the fast food sector.

  • News Date:
    Friday, January 30, 2015
    Body:

    French trade unions have responded to a proposal by French Prime Minister Manuel Valls to reform the energy sector by turning the lights out on him as he gave his keynote address.

    Valls was speaking in Audincourt, a small village in Eastern France, when CGT, a union known for their direct action tactics that covers mining and energy sectors, undertook the action.

  • News Date:
    Friday, January 23, 2015
    Body:

  • News Date:
    Friday, January 23, 2015
    Body:

    The Reserve Bank has released its December quarter inflation figures, with the CPI falling 0.2% to 0.8%, below the Bank’s forecast (a 0.1% rise) and outside the Bank’s target range (1-3%). The general belief is that this has come about as a result of the global oil price crash we have witnessed over the last couple of months.

  • News Date:
    Friday, January 23, 2015
    Body:

     

    BNZ have received criticism recently, being accused of ‘airbrushing’ history on its website, by leaving out two giant government bailouts from its history section.

  • News Date:
    Friday, January 23, 2015
    Body:

    The Meatworkers Union have started a campaign called ‘Jobs That Count’ aimed at helping the 1000 members they have working for AFFCO Talleys to get a fair collective agreement.

    Thy have been trying to get a fair deal for over a year now, and from 6 March new employment laws will make it easier employers to walk away from negotiations.

  • News Date:
    Friday, January 23, 2015
    Body:

    With ANZ sponsoring this year’s ICC Cricket World Cup (starting in just a month) we’re set for some exciting matches. However, as one seagull has demonstrated, the game itself isn’t the only entertainment.

  • News Date:
    Friday, December 19, 2014
    Body:

    The dividends paid out to shareholders of the big four Australian-owned banks – ANZ, ASB, BNZ and Westpac, have nearly tripled in the 2014 financial year, from $920 million to $2.561 billion.

    ANZ has almost doubled from last year’s record high of $720 million to $1.366 billion, BNZ is up from $110 million to $420 million, ASB is up from $90 million to $400 million and Westpac is up from no dividend to $375 million.

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