New Zealand Post is to cut 120 mail processing roles as it halves its mail processing centres from six to three.
The state-owned postal service announced this morning it would expand its operations in Auckland, Manawatu and Christchurch but stop processing mail in Hamilton, Wellington and Dunedin.
The change will result in around 500 part time and full-time jobs being discontinued while 380 roles will be created at the expanded sites - resulting in a net loss of 120 roles.
New Zealand Post chief executive Brian Roche said streamlining its mail processing operations would significantly improve the efficiency of its processes.
Roche said the change is in response to the continuing decline in mail volumes and would save $20m to $30m "over time".