Jobs seen at risk in Kiwi Wealth sale
Layoffs likely if business goes to another fund manager, sources say.
Grant Robertson says any transaction does not require government involvement.
Tim Hunter
Thu, 23 Jun 2022
As the sale process for state-owned fund manager Kiwi Wealth nears its conclusion some market sources are expressing concern its owners are sacrificing its staff to maximise the price.
“This is a business created for Kiwis and we are going to sell it to an Australian capital house,” said
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Tim Hunter
Thu, 23 Jun 2022
Contact the Writer: thunter@nbr.co.nz
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