Your Business: In Brief

ANZ bank to shed 300 workers in Pacific, says CEO
Around 300 employees of the ANZ Bank in the Pacific region are expected to lose their jobs.
The bank’s CEO John Velegrinis said in a press release that the job cuts are part of a two-year programme to improve the bank’s operating model.
He said there will be changes to some existing jobs in ANZ businesses throughout the Pacific.
However, he said that the bank believes more jobs will be created in Fiji as a result. Source: Radio New Zealand International.

Polynesian Blue success story
Polynesian Blue, the joint venture airline of the Government of Samoa and Virgin Blue Airlines, has announced a pre-tax profit of NZ$1.19 million for the period 30 October 2005 to June 2006.
The immediate success of Polynesian Blue has almost certainly contributed to the 18% increase in Samoan tourism earnings, equal to 22.9 million Tala, achieved over the period November 2005 to June 2006. Polynesian Blue was launched in October 2005 at the initiative of the Government of Samoa which sought a private sector partner in a new international airline for Samoa.
The Government had previously injected close to 200 million Tala into loss-making Polynesian Airlines over a ten year period.
Polynesian Blue now offers three direct flights weekly from Sydney and four direct services weekly from Auckland. The airline will increase capacity to offer five direct flights a week between Apia and Auckland from 4 November. Source: AsiaTravelTips.

Air NZ workers would not stay, says union
The union representing Air New Zealand airport service workers in New Zealand says transferring the contract to an overseas company would drive workers away.
The jobs of nearly 1,700 Air New Zealand baggage and check-in workers are on the line, as the company consults with a third party to take over its Airport Services Division.
The Press newspaper says documents leaked to it show the preferred third party is the Spanish company, Swissport International.
Andrew Little of the Engineering, Printing and Manufacturing Union says staff would not be happy working for an international company.
An Air New Zealand spokesperson would not confirm Swissport is its preferred provider, saying only that it is in consultation with a third party company. Source: Radio New Zealand.

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