Treasury proposes to cut 50 roles

Friday, 5 April 2024

New Zealand’s Treasury is looking to drop its workforce by 50 roles.

Treasury, which manages the Government’s finances, has proposed to reduce its headcount “through attrition, the ending of fixed term roles, and closing of vacancies”.

“Final numbers cannot be confirmed until Budget decisions have been taken,” a spokesperson said.

“As part of our 6.5% savings target, we are working toward a reduction of approximately 50 roles through attrition, the ending of fixed term roles, and closing of vacancies.”

That would reduce the full time equivalent roles to 600 from 650.

A spokesperson told The Post in March it was working on a “managed reduction” to its workforce.

They are doing that through a “combination of removing vacancies, reducing the number of fixed term roles as contracts come to an end, and attrition”.

“We will also be making savings through reduction in spend on contractors and consultants, as well as organisation-wide costs such as travel, training and consumables.”