Four-day work week comes with a pay cut for those taking it up
The New Zealand Post is asking employees if they're interested in applying for voluntary redundancies or a four-day work week as the company seeks to remain "commercially sustainable," according to reports.
The offer is part of the company's ongoing review of the structure and size of its manager and specialist functions to ensure they "support our operations well," Stuff reported.
"As part of this review, NZ Post has opened expressions of interest for voluntary redundancies, as well as asking for expressions of interest for a four-day working week," said David Walsh, NZ Post chief executive, as quoted by the news outlet.
According to the report, the four-day work week offer will result in a pay cut for those who apply for it.
"Any potential changes following this process would be communicated to our people in the first instance, and supporting them is our main priority," Walsh said.
The offers come after the NZ Post announced earlier this year that there would be "significant job losses" in existing mail delivery, processing, and support roles as mail volumes continue to decline.
Stuff reported that NZ Post wants to reduce costs between $35 and $40 million this financial year.
"Like a large number of other businesses, we are focused on being commercially sustainable while responding to ongoing economic headwinds," Walsh said as quoted by the news outlet.
The NZ Post is one of the employers in New Zealand that is making changes in its workforce, such as KPMG, GNS Science, and other public sector agencies implementing job cuts.
