Auckland Airport introduces cost reduction measures

6 April, 2020

Auckland International Airport implemented (06-Apr-2020) the following of initiatives to reduce its cost base:

  • Suspended discretionary expenditure;
  • Reviewed work underway with external consultants;
  • Reduced number of external contractors supporting the business and capital programme;
  • Reduced remuneration of board members and executives by 20%;
  • Reduced the majority of employee pay to 80% and a four day working week;
  • Suspension of bonuses and short term incentives for FY2020;
  • Reduction of operations in line with the new operating environment. [more - original PR]