Data staff cut
PA Auckland Auckland Stock Exchange has cut its data-entry staff because of low trading volumes. Exchange manager, Mr Graeme Pedersen, said three staff had been made redundant and one given six weeks notice. This would leave two operators and one seconded staff member to enter sharetrading data into the computer system. At the height of the sharemarket boom the Exchange
employed seven operators and two supervisors during the trading session. The cutbacks would enable the Exchange to hold its running costs at current levels, with brokers paying $7.50 for each transaction through the exchange’s broker-to-broker accounting system, he said. The exchange could not afford to have staff idle outside the two trading sessions. Trading had dwindled and it was not expected to pick up quickly.
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Press, 17 December 1988, Page 32
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128Data staff cut Press, 17 December 1988, Page 32
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