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Holidays For Cash By Next April - Key

Contributor:
Fuseworks Media
Fuseworks Media
John Key
John Key

Wellington, March 23 NZPA - Employees will be able to trade their fourth week of annual holidays for cash by next year, Prime Minister John Key said today.

National indicated during its election campaign it would keep four weeks annual leave, but allow employees to trade the fourth week for cash.

It will require a change to the Holidays Act passed under the Labour government.

"It's our view that if you wanted to trade that fourth week for cash you should be able to do that," Mr Key told NewstalkZB.

The decision would have to be made in agreement with employers and would not be feasible for every organisation, he said.

The change in labour laws could be made by April next year, he said.

"It depends on your time in life, if your children are younger, as a parent you might want to spend more time with them, there's school holidays and all sorts of things," he said.

"If you've just come out of university and you're saving...the cash is really important because you're saving for your first home or whatever it is."

Unions are concerned the move will see a return to a three-week holiday entitlement.

"We are concerned that the norm will be three weeks leave by the time this Government leaves office," Council of Trade Unions national secretary Helen Kelly told the New Zealand Herald.

Engineering, Printing and Manufacturing Union national secretary Andrew Little said workers would end up having very little choice.

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