New Zealand Steel plans to cut 150 to 200 jobs after review

Up to 200 jobs could go at New Zealand Steel, its Australian owner Bluescope said on Thursday after it finished a review of the business.

Bluescope said last month that Auckland’s Glenbrook steel mill may be closed if restructuring, and redundancies, don't improve the profitability of BlueScope’s New Zealand and Pacific Island business.

NZ Steel employed about 1400 staff at Glenbrook and at Pacific Steel in Otahuhu, in South Auckland.

It planned to make 150 to 200 positions redundant, with the aim to cut up to A$50 million (NZ$54 million) in costs.