NZ Post buys a share of parcel processing firm, putting another 130 jobs on the line stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
NZ Post said in June that the Wellington depot would include an $18m investment in the latest sorting and scanning technology which would process parcels at a much faster rate than was possible currently. A Treasury ministerial briefing paper released on Tuesday said ministers had previously been consulted on the business case for the investment.
John Hawkins/Stuff
While NZ Post’s parcel business may be booming, The Treasury is having to prepare advice on what should happen to its mail business once $130m of Budget funding is exhausted. “However, following the disruption of Covid-19 and new Crown funding in New Zealand Post, the company will seek to re-consult with ministers on a revised business case,” it said.