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Staff at Te Runanga o Ngapuhi have been told their jobs are being disestablished as the Kaikohe-based runanga deals with a lower anticipated dividend from the fisheries settlement trust Te Ohu Kaimoana.
It’s also battling its asset holding company as trustees try to get it to dip into reserves to meet the shortfall.
A consultation document seen by Radio Waatea says the restructure could result in a decrease from around 21 staff to around 9.
Chief executive Sam Napia told staff all but two positions below chief executive will be disestablished, and they will be invited to apply for the remaining positions, with interviews to be conducted in early December.
The Ngapuhi Asset Holding Company says it can only pay $1.4 million this year instead of the usual $2.3 million, and anythng above that will result in lower net asset growth.
The runanga board wants that topped up to $2.525 million so it can put off the restructure, and it wants a response by next Friday.
The runanga’s annual meeting was supposed to have been held this month but it has been delayed.
Accounts for the 2022 financial year showed net assets of $74 million, a surplus for the year of $4.9 million, and a wage bill of $11 million for staff.
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