Air New Zealand will lay off 110 workers, and more than 500 other jobs may also go, following a decision to outsource heavy maintenance of its wide body aero-engines.
The airline plans to outsource the underperforming business from next year, in a move expected to save $NZ53 million ($49 million) in costs.
Air New Zealand chief executive Rob Fyfe said the decision came after 18 months of talks, and the state of the business was bleak.
"Volumes in this business are low and falling," Mr Fyfe said.
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The airline plans to outsource the underperforming business from next year, in a move expected to save $NZ53 million ($49 million) in costs.
Air New Zealand chief executive Rob Fyfe said the decision came after 18 months of talks, and the state of the business was bleak.
"Volumes in this business are low and falling," Mr Fyfe said.
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