38940 (2026). Francisco Hernandez to the Minister for Trade and Investment

38940 (2026). Francisco Hernandez to the Minister for Trade and Investment: How much was the total cost in New Zealand dollar terms, if any, of redundancy processes initiated, if any, in the Minister’s departments, agencies, crown entities and any other bodies that the Minister is responsible for, if any, since 27 November 2023?

Hon Todd McClay: For the Ministry of Foreign Affairs and Trade, I refer to the Minister of Foreign Affairs’ response to WPQ 26460 (2026). New Zealand Trade and Enterprise have spent $1,450,923 in redundancy processes initiated since 27 November 2023. [The total number of people affected is 34]. Invest New Zealand was established on 1 July 2025. The agency has spent NZD$608,429 on redundancy process. There were eight redundancies at the end of July 2026