4 Mar 2015

Job losses at the Reserve Bank

3:37 pm on 4 March 2015

The Reserve Bank is restructuring - and some employees will lose their jobs.

Reserve Bank of New Zealand

Reserve Bank of New Zealand Photo: RNZ / Alexander Robertson

Twenty-three roles will be disestablished, including four vacancies, while eight new roles will be created.

The central bank said it conducted a review of resources and funding contraints, and came up with a number of proposals.

It said staff have been consulted and changes will include job losses in some departments and increases in others.

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