Air NZ staff announces pay freeze

Air New Zealand today announced a pay freeze on all staff earning more than $80,000.

In a memo to staff on Friday chief executive Rob Fyfe said his goal was "to do everything I can to minimise the risk of job losses," in the wake of the economic recession.

The freeze will affect just under 10 per cent of Air New Zealand's 11,000-strong workforce.

While those on lower incomes have escaped a full freeze, from July 1 limits will be placed on how much extra managers can dish out.

Raises will have a 2.5 per cent average limit for those earning up to $50,000 , a 2 per cent average limit for those on $50,000 - $70,000 and a 1 per cent average limit for those earning $70,000 - $80,000.

- NZPA