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Momentum traces its roots from Momentum Life Assurers Limited that was established in 1966 as a life assurance company and Southern Life Association Limited that was incorporated in 1904 as African Life Assurance Society. In 1992, RMB Holdings (RMBH) acquired interest in Momentum Life Assurers Limited. [5]
Public sector organisations in New Zealand comprise the state sector organisations plus those of local government. Within the state sector lies the state services , and within this lies the core public service.
The Project Employment Programme (PEP) or PEP scheme was set up by the Department of Labour in New Zealand 'to give subsidised, short-term public sector employment for job seekers'. [1] It began in August 1980 and mostly finished in August 1986. [1] At its peak there were more than 50,000 people employed.
By 23 May, the Ministry announced plans to lay off 712 jobs as part of government cutbacks. [12] In early August 2024, RNZ reported that the Ministry would strengthen eligibility criteria and introduce new obligations for emergency housing tenants including a 13-weeks standing down period for those breaking rules from 26 August.
New Zealand also has 11 annual public holidays and an employee is entitled to these days off work on pay, if they are days when the employee would normally work. [18] Where an employee does work a public holiday, the employee must be paid at least time-and-a-half for the time worked and is also entitled to an alternative paid holiday.
The Employment Relations Amendment Act 2008 was passed under urgency by the Fifth National Government of New Zealand in December 2008. It allowed small businesses (those employing fewer than 20 staff) to sack employees within 90 days of being hired without those employees being able to take a personal grievance case against the employer.
By April 2024, MBIE had laid off 286 employees as part of Government cost cutting measures in the public sector. 111 resigned in the first wave of voluntary redundancies while 175 full-time roles were disestablished between December 2023 and March 2024.
Toll New Zealand (rolling stock and inter-island ferries) Ontrack (track and infrastructure) Formerly New Zealand Rail (1990–1995), Tranz Rail (1995–2002), Toll New Zealand (2002–2008) Kordia: 1 July 1989 Subsidiary of Television New Zealand: Formerly Broadcast Communications Limited or BCL, renamed 2006. Landcorp: 1 April 1987