---
title: "58 RNZ Jobs on the Line After an NZ$11.8 Million Loss"
canonical: "https://www.metaintro.com/blog/rnz-58-job-cuts-11-8-million-loss"
language: "en"
author: "drashtigarach"
published: "2026-11-09T14:02:30.000Z"
modified: "2026-11-09T14:02:30.000Z"
---

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# 58 RNZ Jobs on the Line After an NZ$11.8 Million Loss (About US$6.6 Million)

RNZ plans to cut the equivalent of 58 full-time jobs by March after an NZ$11.8 million (about US$6.6 million) loss. See which teams and what staff are owed.

[![Drashti Garach](https://cdn.metaintro.com/rs:fill:40:40/q:72/plain/images/5719d740-e510-42bc-8017-e040d145f35f_1766029465094.png)Drashti Garach @DrashtiGarach](/blog/author/drashtigarach)

[November 9, 2026](/blog/archive/2026/11)12 min read

![Empty sunlit radio studio in Wellington with microphones and a mixing desk](https://cdn.metaintro.com/rs:fill:1200:675/q:78/plain/images/10788.jpg)

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New Zealand's public broadcaster [RNZ plans to cut the equivalent of 58 full-time jobs by the end of March](https://etu.nz/rnz-workers-shouldnt-pay-for-managements-mistakes/), after posting an [$11.8 million loss](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/) (about US$6.6 million). That loss is [more than 25 times the $470,000 RNZ had expected to lose over the year to June](https://www.rnz.co.nz/news/business/2466817/i-ve-never-seen-anything-like-this-rnz-plans-job-cuts-after-shock-12m-loss) (about US$261,000), and the broadcaster also plans to [reduce operating costs by at least 5%](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/). [E tū, the union for media workers](https://etu.nz/rnz-workers-shouldnt-pay-for-managements-mistakes/), wants the cuts paused until a new government is formed. For [Metaintro](https://www.metaintro.com) readers working in New Zealand media, this guide covers what the 58 figure counts, which teams are in scope, what went wrong in the accounts, and what staff are owed under [Employment New Zealand's redundancy guidance](https://www.employment.govt.nz/ending-employment/redundancy). Dollar figures below are New Zealand dollars, with US dollar conversions in brackets.

## How Many RNZ Jobs Are Going, and by When?

RNZ set out plans [to axe the equivalent of 58 full-time jobs, about one in six staff, by the end of March](https://www.rnz.co.nz/news/business/2466817/i-ve-never-seen-anything-like-this-rnz-plans-job-cuts-after-shock-12m-loss), and the share is based on the [347.6 full time equivalent employees recorded at the end of June](https://www.chrislynchmedia.com/news-items/rnz-faces-almost-60-job-cuts-after-11-8-million-loss-and-unauthorised-overdraft/), a figure also printed in [RNZ's 2025-2026 accounts](https://www.rnz.co.nz/assets/cms_uploads/000/000/556/RNZ_2025-2026_Annual_Report_Web.pdf).

Not all of these cuts are new. Board chair Brent Impey said the 58 roles [included 18 cuts already announced and a further 40, taking the workforce from 347 to 289](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/). The August plan was for [25 to 30 roles, which are included in the new 58 number](https://www.rnz.co.nz/news/business/2466817/i-ve-never-seen-anything-like-this-rnz-plans-job-cuts-after-shock-12m-loss). How Impey's count of earlier cuts fits with the August range is not yet public.

Workers have already been through [rounds of voluntary redundancies, and 18 have chosen to leave](https://etu.nz/rnz-workers-shouldnt-pay-for-managements-mistakes/).

Staff [were informed of the situation at a meeting](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/) on the day the accounts came out, and management [will present a restructuring plan to the board in early December](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/), with the reduction due [by the end of March 2027, subject to the required employment processes](https://www.chrislynchmedia.com/news-items/rnz-faces-almost-60-job-cuts-after-11-8-million-loss-and-unauthorised-overdraft/).

## Which Teams Could Be Affected?

The cuts are not limited to one team. They would apply [right across the board, including senior management, operations, technical, audio and news](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/), and Impey said [“Nothing is being targeted, but we’ve got to make sure that the business is right-sized.”](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/)

How the cuts split by team is not yet public. In New Zealand a change proposal should [be clear about which roles may be affected](https://www.employment.govt.nz/fair-work-practices/restructuring-and-workplace-change/workplace-change-process) and explain any proposed assessment criteria and selection procedure when it is shared with staff.

> These are people who care deeply about good journalism. They’ve picked up the work of colleagues who left and weren’t replaced, E tū Director Amy Hansen said, according to [the E tū statement on the RNZ cuts](https://etu.nz/rnz-workers-shouldnt-pay-for-managements-mistakes/).

## How Did a Small Forecast Loss Become NZ$11.8 Million?

The gap came from a mix of accounting errors and overspending.

- Budgeted revenue included [$2.0m for land sales, which was incorrectly accounted for as revenue in the Budget](https://www.rnz.co.nz/assets/cms_uploads/000/000/556/RNZ_2025-2026_Annual_Report_Web.pdf) (about US$1.1 million).
- [Personnel expenses for FY26 increased by $3.2m against budget](https://www.rnz.co.nz/assets/cms_uploads/000/000/556/RNZ_2025-2026_Annual_Report_Web.pdf) (about US$1.8 million), including [$1.4m in redundancy payments](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/) (about US$779,000).
- [Other running costs went $6.4m over budget](https://www.rnz.co.nz/news/business/2466817/i-ve-never-seen-anything-like-this-rnz-plans-job-cuts-after-shock-12m-loss) (about US$3.6 million), much of it tied to the Auckland office move and work to get properties ready to sell.

Pay disclosures add detail. In the year to June, [207 staff](https://www.rnz.co.nz/assets/cms_uploads/000/000/556/RNZ_2025-2026_Annual_Report_Web.pdf) had total pay [in excess of $100,000](https://www.rnz.co.nz/assets/cms_uploads/000/000/556/RNZ_2025-2026_Annual_Report_Web.pdf) (about US$55,600), up from [178 the previous year](https://www.chrislynchmedia.com/news-items/rnz-faces-almost-60-job-cuts-after-11-8-million-loss-and-unauthorised-overdraft/), and those totals include payments made when employment ended.

The property items were specific. They included [relocating the Auckland office](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/), work [to remediate the Titahi Bay site before its sale](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/), assets written off at the old Auckland office and the Henderson site, and the cost of decommissioning the [Henderson towers in preparation for the sale of that site to NZTA](https://www.rnz.co.nz/assets/cms_uploads/000/000/556/RNZ_2025-2026_Annual_Report_Web.pdf), the [NZ Transport Agency](https://www.nzta.govt.nz/).

Funding was also falling. Internal figures gave the wrong picture, so RNZ [failed to cut costs after a 7% drop in baseline funding](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/). Over the year, [government funding and fees](https://www.chrislynchmedia.com/news-items/rnz-faces-almost-60-job-cuts-after-11-8-million-loss-and-unauthorised-overdraft/) fell while [total expenditure increased](https://www.chrislynchmedia.com/news-items/rnz-faces-almost-60-job-cuts-after-11-8-million-loss-and-unauthorised-overdraft/).

In his foreword, chief executive Paul Thompson accepts that [these factors help explain the result but do not excuse it](https://www.rnz.co.nz/assets/cms_uploads/000/000/556/RNZ_2025-2026_Annual_Report_Web.pdf).

## What Happened With the Overdraft and the Finance Leadership?

The auditor flagged a legal breach. [EY](https://www.ey.com/en_nz), which audited the accounts for the Auditor-General, [flagged a breach of the Crown Entities Act over a $5m overdraft RNZ set up without the required approval from ministers](https://www.rnz.co.nz/news/business/2466817/i-ve-never-seen-anything-like-this-rnz-plans-job-cuts-after-shock-12m-loss) (about US$2.8 million).

RNZ had [previously received ministerial approval in 2006 for borrowing of up to $3.5 million](https://www.chrislynchmedia.com/news-items/rnz-faces-almost-60-job-cuts-after-11-8-million-loss-and-unauthorised-overdraft/) (about US$1.9 million). It [drew down no more than $2.3m and has since closed the overdraft](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/) (about US$1.3 million), and the auditor made clear the breach [did not alter the audit opinion on the financial statements](https://www.chrislynchmedia.com/news-items/rnz-faces-almost-60-job-cuts-after-11-8-million-loss-and-unauthorised-overdraft/). RNZ is also checking whether it needed approval for a separate [deal to sell and lease back equipment for its new Auckland office](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/).

The finance leadership changed shortly before the accounts were published. Chief financial officer Hilary Parker [resigned unexpectedly and left immediately on October 2](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/), and director Richard Dellabarca became interim finance chief. The board and senior managers [only learnt the full scale of the loss in mid-October](https://www.rnz.co.nz/news/business/2466817/i-ve-never-seen-anything-like-this-rnz-plans-job-cuts-after-shock-12m-loss) after Dellabarca began to unpick some of the issues, and Impey added that RNZ had found [“zero evidence of criminality and fraud”](https://www.rnz.co.nz/news/business/2466817/i-ve-never-seen-anything-like-this-rnz-plans-job-cuts-after-shock-12m-loss).

The board will commission an independent review into [the causes of the loss](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/), why its own figures missed it, [whether financial controls and governance were adequate](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/), and [whether senior leaders had been intentionally misled](https://www.rnz.co.nz/news/business/2466817/i-ve-never-seen-anything-like-this-rnz-plans-job-cuts-after-shock-12m-loss).

> This is unique in my whole experience over many many years. I've never seen anything like this, and it's almost inexplicable, RNZ chair Brent Impey said, according to [the RNZ Checkpoint report](https://www.rnz.co.nz/news/business/2466817/i-ve-never-seen-anything-like-this-rnz-plans-job-cuts-after-shock-12m-loss).

## What Is the Union Asking RNZ to Do?

E tū Director Amy Hansen said [no final decisions on jobs should be made until the next Government is formed](https://etu.nz/rnz-workers-shouldnt-pay-for-managements-mistakes/), with the [election held on Saturday and final results not due until 27 November](https://etu.nz/rnz-workers-shouldnt-pay-for-managements-mistakes/).

Hansen pointed to RNZ's own statement that it has [enough reserves to get through the transition](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/), argued there is [“no need to rush”](https://etu.nz/rnz-workers-shouldnt-pay-for-managements-mistakes/), and urged RNZ to finish the review before cutting jobs.

The union also points to workload, saying [many teams have been running short as people who left were not replaced](https://etu.nz/rnz-workers-shouldnt-pay-for-managements-mistakes/). Melanie Earley, an Auckland-based journalist and E tū delegate, said the loss of so many more jobs [“will make it even harder for us to meet the needs of New Zealanders”](https://etu.nz/rnz-workers-shouldnt-pay-for-managements-mistakes/).

RNZ's audience figures are part of the union's case. Over the year, RNZ [reached 83% of New Zealanders aged 18 and over each month](https://www.rnz.co.nz/assets/cms_uploads/000/000/556/RNZ_2025-2026_Annual_Report_Web.pdf), [radio listening grew 6.6%](https://etu.nz/rnz-workers-shouldnt-pay-for-managements-mistakes/), and [rnz.co.nz reached 1.65 million monthly users](https://www.rnz.co.nz/assets/cms_uploads/000/000/556/RNZ_2025-2026_Annual_Report_Web.pdf).

Impey said the issue [does not impact RNZ's journalism or its content for audiences](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/).

## What Must RNZ Do Before Any Role Is Made Redundant?

New Zealand rules set out a process, and [employers must follow a fair workplace change process before making a role redundant](https://www.employment.govt.nz/ending-employment/redundancy). Employers must show [the workplace change they are proposing is for genuine business reasons. For example, improved technology or financial reasons](https://www.employment.govt.nz/ending-employment/redundancy), and before deciding to make a role redundant they must [genuinely consider other options](https://www.employment.govt.nz/ending-employment/redundancy), such as changing hours, duties or shifts, reducing costs in other ways, or redeployment.

The [workplace change process](https://www.employment.govt.nz/ending-employment/redundancy) has these steps.

- [Develop a workplace change proposal (including reasons for the change)](https://www.employment.govt.nz/ending-employment/redundancy) and identify who may be affected.
- [Share the proposal with employees and unions](https://www.employment.govt.nz/ending-employment/redundancy), then gather feedback.
- Consider and respond to feedback, then [make and communicate the decision](https://www.employment.govt.nz/ending-employment/redundancy) and implement the change.

Staff get time to respond. Employers should [give employees a reasonable time to consider the proposal, seek advice, and give feedback](https://www.employment.govt.nz/fair-work-practices/restructuring-and-workplace-change/workplace-change-process), and if an affected employee asks for more time, the employer should [consider and respond to the request in good faith](https://www.employment.govt.nz/fair-work-practices/restructuring-and-workplace-change/workplace-change-process). Union members matter here too, because [affected employees and their unions will need to be consulted](https://www.employment.govt.nz/fair-work-practices/restructuring-and-workplace-change/workplace-change-process).

There is also a guard against quick rehiring. A redundancy may not be genuine if an employer [makes an employee's role redundant, and shortly afterwards hires someone else for an identical or sufficiently similar role](https://www.employment.govt.nz/ending-employment/redundancy).

## Are RNZ Staff Owed Redundancy Pay?

Not automatically. Under New Zealand guidance, [an employer does not have to provide redundancy compensation](https://www.employment.govt.nz/ending-employment/redundancy), and employees can only get it if it is in their employment agreement, in a workplace policy, or agreed with their employer. If an agreement does not set an amount, [the employer and employee will need to agree on an amount](https://www.employment.govt.nz/ending-employment/redundancy).

RNZ made cessation payments in the year to June, when [22 staff](https://www.rnz.co.nz/assets/cms_uploads/000/000/556/RNZ_2025-2026_Annual_Report_Web.pdf) [received compensation and other benefits in relation to cessation totalling $1,374k](https://www.rnz.co.nz/assets/cms_uploads/000/000/556/RNZ_2025-2026_Annual_Report_Web.pdf) (about US$764,000). That figure covers departures in the year just ended and is not a guide to what any one person will get in this round.

Final pay has fixed contents. When an employee is made redundant, [their last pay must include their final wages, holiday pay, redundancy compensation (if they can get this), and any other payments they're owed](https://www.employment.govt.nz/ending-employment/redundancy). Notice follows the employment agreement, or [a reasonable period of notice if the agreement does not state a notice period](https://www.employment.govt.nz/ending-employment/redundancy).

Separate rules cover [staff on parental or certain defence force leave, high income earners and anyone on a trial period](https://www.employment.govt.nz/ending-employment/redundancy). Staff on a work visa tied to their employer should contact [Immigration New Zealand](https://www.immigration.govt.nz/), which [can explain how redundancy will affect their work visa](https://www.employment.govt.nz/ending-employment/redundancy).

## How Much Money Does RNZ Have Left?

Cash has fallen. The broadcaster [ended June with $8.5 million in cash, down from $18.8 million a year earlier](https://www.rnz.co.nz/news/business/2466817/i-ve-never-seen-anything-like-this-rnz-plans-job-cuts-after-shock-12m-loss) (about US$4.7 million, down from about US$10.4 million).

Another loss is forecast. RNZ is [forecasting a further $7.8m loss this financial year before returning to a sustainable position the year after](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/) (about US$4.3 million), with management [aiming to stabilise its finances in 2027/28](https://www.chrislynchmedia.com/news-items/rnz-faces-almost-60-job-cuts-after-11-8-million-loss-and-unauthorised-overdraft/).

A land sale is also due. In October, RNZ signed [an unconditional agreement for the sale of the land](https://www.rnz.co.nz/assets/cms_uploads/000/000/556/RNZ_2025-2026_Annual_Report_Web.pdf) on Lincoln Road in Henderson [for $51m, with settlement expected in November 2026](https://www.rnz.co.nz/assets/cms_uploads/000/000/556/RNZ_2025-2026_Annual_Report_Web.pdf) (about US$28.3 million). Impey [had not asked the minister for extra money](https://www.rnz.co.nz/news/business/2466817/i-ve-never-seen-anything-like-this-rnz-plans-job-cuts-after-shock-12m-loss), and RNZ would [discuss with Treasury how much of those proceeds it could keep](https://www.rnz.co.nz/news/business/2466817/i-ve-never-seen-anything-like-this-rnz-plans-job-cuts-after-shock-12m-loss).

## Who Will Lead RNZ Through the Cuts?

The leadership is changing at the same time. Thompson [leaves RNZ on December 31](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/), and [NZME](https://www.nzme.co.nz/) chief audio officer Jason Winstanley will take over in 2027. Chief news officer Mark Stevens [will act as chief executive in the meantime](https://www.1news.co.nz/2026/11/09/rnz-to-cut-58-jobs-after-poor-and-unsustainable-118m-loss/).

Thompson has [led RNZ since 2013](https://www.chrislynchmedia.com/news-items/rnz-faces-almost-60-job-cuts-after-11-8-million-loss-and-unauthorised-overdraft/), and his foreword calls on RNZ to [reshape its operations and make difficult choices to live within its means](https://www.rnz.co.nz/assets/cms_uploads/000/000/556/RNZ_2025-2026_Annual_Report_Web.pdf).

## What This Means for New Zealand Media Workers, and What Should You Do Next?

The headline figure sounds like one fresh round, but part of it [dates from the round signalled in August](https://www.rnz.co.nz/news/business/2466817/i-ve-never-seen-anything-like-this-rnz-plans-job-cuts-after-shock-12m-loss). For staff in the proposed roles, what matters now is how roles are selected. Employers are expected to [read and genuinely consider the feedback received](https://www.employment.govt.nz/fair-work-practices/restructuring-and-workplace-change/workplace-change-process), so the feedback window deserves more effort than the announcement itself.

Lacey Kaelani, [Metaintro](https://www.metaintro.com)'s CEO, puts it this way: a restructure is still a proposal until the decision is made, so the people who read it closely, put their feedback in writing and start lining up their next role early are the ones who come out of it with the most choices.

- **Read your employment agreement now.** Redundancy pay depends on its wording, as set out above.
- **Use the feedback window.** Ask for the selection criteria in writing and respond to them before the feedback deadline.
- **Ask about redeployment.** If another role is offered, redundancy pay is [only owed if the employment agreement provides for it](https://www.employment.govt.nz/ending-employment/redundancy), and staff who decline a suitable role without a good reason may not get compensation.
- **Look at the wider market.** The cuts sit alongside [New Zealand's plan to trim public service jobs](https://www.metaintro.com/blog/new-zealand-public-service-cuts-8700-jobs-2026). Other broadcasters have cut too, including [job cuts at a UK public broadcaster](https://www.metaintro.com/blog/channel-4-300-job-cuts-broadcast-careers), and anyone negotiating an exit can compare [outplacement and severance package options](https://www.metaintro.com/blog/what-is-outplacement-severance-package-negotiate-2026).

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## People Also Asked

### Q: How many jobs is RNZ cutting?

A: RNZ plans to cut [the equivalent of 58 full-time jobs by the end of March](https://www.rnz.co.nz/news/business/2466817/i-ve-never-seen-anything-like-this-rnz-plans-job-cuts-after-shock-12m-loss), which includes roles from a smaller round announced in August.

### Q: Why did RNZ lose so much money?

A: Its budget wrongly counted [land sales as income](https://www.rnz.co.nz/news/business/2466817/i-ve-never-seen-anything-like-this-rnz-plans-job-cuts-after-shock-12m-loss), staff costs ran over, and other operating costs rose with an Auckland office move and property sales, while internal reports did not show the true position.

### Q: Do laid-off workers in New Zealand get redundancy pay?

A: Only if it is provided for, because [an employer does not have to provide redundancy compensation](https://www.employment.govt.nz/ending-employment/redundancy) unless it is in the employment agreement, a workplace policy, or agreed with the employer.

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