A report by a research firm has drawn up a list of Australia’s 10 most vulnerable industries for 2009, and New Zealanders in some of those industries agree there are parallels here.
Topping the list were tyre manufacturing, car retailing, international airlines and real estate. Investment banking and brokerage jobs came seventh.
Neil Paviour-Smith, managing director of brokerage Forsyth Barr, estimates 40 to 50 local investment bankers, analysts and office staff were retrenched last year as overseas-owned firms cut back.
He has also seen a “huge increase” in the number of returning Kiwis from London and New York trying to find finance sector work back home.
“You’re going to see unemployment affected by the return-home factor from people in those areas,” he said.
Full article: http://www.stuff.co.nz/4813119a13.html