2 weeks Ago By Anne Gibson
The residential market downturn has prompted one of New Zealand’s largest house-building businesses to cut staff numbers by 90 in the past 18 months. “The market is crap and has been for the last two years,” Tauranga-based Peter Cooney, Classic Group director, said. Classic had about 330 staff in 2022 but was now at about 240, due to a combination of not replacing those who left and making others redundant.
About 60 staff had been let go, while the others were not replaced. Project managers, marketing, drafting and other staff “right across the board” no longer worked at Classic due to the housing downturn, Cooney said..
