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Global Media Headlines and Market Commentary


5. Global Media Headlines and Market Commentary

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8 February 2018 – New Zealand company trialling a four day working week – 1 News Now

8 February 2018 – 'It's about being paid for five days, but working four' – Radio New Zealand

8 February 2018 – Kiwi firm Perpetual Guardian to test four-day week with workers on full pay - New Zealand Herald

8 February 2018 – NZ company Perpetual Guardian to trial three-day weekends every week – Newshub  

2 June 2018 – Big read: The dismantling of the nine-to-five work week in NZ - New Zealand Herald

22 July 2018 – Four-day working week trial at Perpetual Guardian a success, boss wants to make it permanent - New Zealand Herald

2 October 2018 – It's official: Four-day week becomes permanent at Kiwi company Perpetual Guardian – New Zealand Herald

2 October 2018 – New Zealand should be first to introduce 4-day working week – employer – Newshub

19 July 2018 – A 4-Day Workweek? A Test Run Shows a Surprising Result – New York Times

19 July 2018 – Work less, get more: New Zealand firm's four-day week an 'unmitigated success' – The Guardian

23 July 2018 – A New Zealand Company That Tested a Four-Day Work Week May Make It Permanent – Fortune  

16 August 2018 – Why this company switched to a four-day work week – CNBC

"I think it's very interesting, and I'm really keen to work with any businesses that are looking at how they can be more flexible for their staff and how they can look to improve productivity whilst working alongside their staff and protecting terms and conditions." - Hon Iain Lees-Galloway, Minister of Workplace Relations and Safety

“A business that switches from a 40-hour work week to a 32-hour week is essentially giving its staff a pay rise. But instead of giving them more cash, it is giving them more leisure – something most people tend to value. But there’s no such thing as a free lunch, these businesses want something in return – higher productivity. And the idea certainly could raise worker productivity – provided that the four-day work week does not become the norm." - Dr Ryan Greenaway-McGrevy, Senior Lecturer in Economics and the Director of the Centre for Applied Research in Economics at the University of Auckland

“If you've been dreaming about a shorter workweek, good news: there are now statistics to back the fantasy up as a viable idea. Though this experiment took place in New Zealand, the results suggest it could have just as profound an effect in countries with similar economies, including the U.S.”– Alejandra Salazar, refinery 29

“A study conducted by a New Zealand business confirmed what many of us have felt on Friday afternoons: a 5-day work week really isn't that effective. The study went one further and gave credence to slackers everywhere: a 4-day work week is actually more productive than a 5-day work week.” – Ned Dymoke, Big Think