RBNZ May Cut a Fifth of Staff in Next Two Months Due to Funding
The Reserve Bank is proposing a net reduction of 142 positions, or 21% of its roughly 660 staff, a spokesperson said Monday in Wellington, confirming a report in The Post newspaper. Some 35 of the roles are currently vacant, they said.
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Romanian Premier Vows Deeper Spending Cuts to Avoid Default Risk
Romania's new prime minister warned his country could face a default unless the government quickly reins in years of lavish spending. Premier Ilie Bolojan said in an interview with Bloomberg News on Thursday that he sees the next six months as crucial for his administration to impose a series of radical austerity measures despite growing public discontent and tensions within the ruling coalition.
New York Post
an hour ago
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Rudy Giuliani says goodbye to NYC with price-slashed $4.95M sale of Upper East Side penthouse
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Yahoo
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Federal intervention in potential Air Canada strike would be 'troubling': labour prof
Labour experts say if Ottawa meets Air Canada's call for government intervention in a contract dispute with its flight attendants' union, it could further erode collective bargaining rights in future negotiations. The airline has requested government-directed arbitration through Section 107 of the Canada Labour Code, however Ottawa has not indicated whether it will intervene. The move comes as roughly 10,000 flight attendants for Air Canada and Air Canada Rouge are poised to strike Saturday around 1 a.m., with the company also planning to lock them out if an eleventh-hour deal can't be reached. In a statement Thursday morning, federal Jobs Minister Patty Hajdu acknowledged Air Canada's request, adding she has asked the union to respond to it while urging both sides to return to the bargaining table. Brock University labour professor Larry Savage says Air Canada is using its lockout notice "as a pressure point on the prime minister," as the Mark Carney-led Liberal government faces its first major work stoppage of federally regulated employees. While Savage says there is "a long tradition" in Canada of government intervention in labour disputes, he calls the increasing reliance on minister-directed action "troublesome." This report by The Canadian Press was first published Aug. 14, 2025. Companies in this story: (TSX:AC) Sammy Hudes, The Canadian Press Sign in to access your portfolio
