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Te Rūnanga-Ā-Iwi-Ō-Ngāpuhi has put off job cuts after its asset holding company agreed to dip into reserves to balance the budget.
Te Rūnanga-Ā-Iwi-Ō-Ngāpuhi has put off job cuts after its asset holding company agreed to dip into reserves to balance the budget.
Rūnanga chair Wane Wharerau says because of a lower dividend from fisheries settlement trust Te Ohu Kaimoana, the company had proposed a $1.4 million distribution.
At that level 13 of the rūnanga’s 22 staff would have had to be laid off.
The distribution was increased to $2-point-5-million dollars after an urgent appeal from the rūnanga’s governance board.
Mr Wharerau says they are attempting to avoid job losses – but a review of future operations will still be necessary.
