WELLINGTON, March 31 New Zealand employee confidence dipped in the first three months of 2017, dipping from an eight-year high in the previous quarter as workers worried about job security, a survey showed on Friday.
The Westpac-McDermott Miller employee confidence index fell to 109.9 in the three months to March from 112.7 in the previous quarter.
A reading above 100 indicates more optimists than pessimists.
"Workers have reported that they are feeling a bit less confident about their job security," said Satish Ranchhod, a senior economist at Westpac. (Reporting by Charlotte Greenfield, editing by G Crosse)
UPDATE 1-Italy winds up Veneto banks, deal could cost up to 17 bln euros
MILAN/ROME, June 25 Italy began winding up two stricken Veneto-based banks on Sunday in a deal that will see their good assets transferred to Intesa Sanpaolo and could cost the state up to 17 billion euros ($19 billion).