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RNZ News
a day ago
- General
- RNZ News
Auckland YMCA accommodation staff scared of job losses if restructure goes ahead
The proposed restructure will affect the jobs of accommodation staff at the YMCA's City Lodge and at the Y's Pitt Street hostel in Auckland. Photo: Google Maps YMCA North staff who work in the Auckland accommodation team say they're scared of losing their jobs, worry about their mental health deteriorating and safety being compromised, if a proposed restructure goes ahead. The front-line accommodation staff at the Y's Pitt Street hostel and its City Lodge had a week to give feedback on a restructure proposal. If the proposal goes ahead, workers called Guest Service Agents who have been working both across day and night shifts will only be able to work either in a day or night role. Staff question how the proposal fits with the YMCA's key values. Guest Service Agents are staff who deal with customers who are staying at the YMCA's hostel and lodge, manage security, cleanliness, bookings and billing. Currently, they work both day and night shifts and are stationed at either the Pitt Street Hostel or the City Lodge. In the proposal - these roles will be disestablished. Staff will now have to apply to be either a day worker or a night worker and will work across two different locations. Night GSAs are the only reception and security staff on site - it means they must handle emergencies and security incidents by themselves. A staff member who usually works night shifts at the City Lodge hostel told Checkpoint they did not feel prepared. "All we had was a safeguarding training. The safeguarding is more related to protecting children and vulnerable people rather than yourself. So, in the security sense, we're not prepared." They said the security company the YMCA contracts is not based on site, so GSAs must call a hotline if they face issues. "I needed to evict an intruder that was in the building. A visitor there was not allowed to be there. He said, 'okay give me 40 minutes and I'll be there.' If we have a real emergency, real urgency, that's what we [are] dealing with. "Probably we'll have to sort it out ourselves or call the police." The worker said while they had been working people had tried to break in, the worker told Checkpoint they often carried a knife as they felt unsafe. As part of their roles, on the night shift they must watch the entrances and exits and do hourly walk throughs of public areas. "Night shifts are extra tough on health, on physical, mental health. You are extra tired even if you're just sitting on a chair [most] of the night." As part of Auckland Council's service agreements, which started on 1 April this year, service partners must pay their workers the living wage. Some Auckland Council leisure centres and pools are managed by the YMCA, meaning those YMCA staff must be paid the living wage. However, because the YMCA's accommodation centres are not part of this service agreement, it means workers don't have to be paid the living wage. The worker said after the restructure if they would only be working nights and the pay remained the same at $25 an hour, it would be unfair as they would be taking on more risk and a heavier workload. "We are the ones who are taking aggressive customers, being on safety hazards, we are the ones taking the burden." The worker said the way the proposal had been carried out went against the core values of the YMCA around Caring, Honesty, Respect and Responsibility. If the proposal is confirmed to stay the same, there will be interviews held over the rest of July and staff will be told the outcomes of the interviews at the end of the month. For staff who aren't selected for the new roles, if their current role is disestablished, they will be made redundant from 1 August. If the worker loses their job, they're worried about the current job market and if they will be able to find work at all within the next couple of months. "We live pay check by pay check, so I don't have any savings to my name. I should have like $10 to my name. It will be devastating, honestly, and I'm sure [it will] affect any area in my life financially, emotional, mental health wise." On 15 July accommodation staff who work across the YMCA's City Lodge and Pitt Street hostel were sent a letter outlining the proposal. The YMCA said it was because they were facing financial underperformance due to a mix of structural and market-related challenges. They say the roles will give clarity to the workers' responsibilities and accountability. YMCA North chief executive Rebecca Russell said in statement the proposed new structure would see greater streamlining across the two accommodation sites. The YMCA is actively seeking feedback from affected staff and no final decisions have been made. Security was a top priority, she said - with measures including mandatory door locking, pass cards and external security able to be called if needed. Russell said she would be concerned if staff were having to arm themselves and this had not been raised with management. But anyone worried about safety should provide that feedback during the consultation, she said. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Yahoo
26-06-2025
- Business
- Yahoo
Shareholders in City Lodge Hotels (JSE:CLH) are in the red if they invested five years ago
For many, the main point of investing is to generate higher returns than the overall market. But even the best stock picker will only win with some selections. At this point some shareholders may be questioning their investment in City Lodge Hotels Limited (JSE:CLH), since the last five years saw the share price fall 83%. While a drop like that is definitely a body blow, money isn't as important as health and happiness. So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. City Lodge Hotels became profitable within the last five years. Most would consider that to be a good thing, so it's counter-intuitive to see the share price declining. Other metrics may better explain the share price move. In contrast to the share price, revenue has actually increased by 19% a year in the five year period. A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity. You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image). This free interactive report on City Lodge Hotels' balance sheet strength is a great place to start, if you want to investigate the stock further. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for City Lodge Hotels the TSR over the last 5 years was -11%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence! Investors in City Lodge Hotels had a tough year, with a total loss of 8.9% (including dividends), against a market gain of about 24%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 2% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. It's always interesting to track share price performance over the longer term. But to understand City Lodge Hotels better, we need to consider many other factors. Even so, be aware that City Lodge Hotels is showing 1 warning sign in our investment analysis , you should know about... Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on South African exchanges. — Investing narratives with Fair Values A case for TSXV:USA to reach USD $5.00 - $9.00 (CAD $7.30–$12.29) by 2029. By Agricola – Community Contributor Fair Value Estimated: CA$12.29 · 0.9% Overvalued DLocal's Future Growth Fueled by 35% Revenue and Profit Margin Boosts By WynnLevi – Community Contributor Fair Value Estimated: $195.39 · 0.9% Overvalued Historically Cheap, but the Margin of Safety Is Still Thin By Mandelman – Community Contributor Fair Value Estimated: SEK232.58 · 0.2% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
