A day after doubling excess data charges, Orcon has announced plans to cut about 23 jobs, or 16 percent of its workforce.
State-owned Orcon, which currently has 144 employees, told staff today and said the number of redundancies may change after a week-long consultation.
Orcon said jobs across the business were at risk.
"Although on target to meet current year profit objectives, Orcon anticipates a more challenging year ahead," chief executive Scott Bartlett said.
"The company has therefore revised its growth targets for the next period and as a consequence will also be reducing the business cost structure."
Orcon customers received and email yesterday outlining price changes to excess data charges, stating its current charges "simply aren't sustainable". The new data rates have doubled from $1, to $2 per GB.
Orcon was working with employment agencies about vacancies in similar fields, giving staff time off to attend job interviews, and allowing access to employment help programmes and WINZ financial advice.
Yesterday, Orcon said it had bought internet hosting business iSERVE, saying it wanted to extend beyond broadband.
In mid-2007, Orcon was bought for $24.3 million by government broadcast and telecommunications business Kordia Group.
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