Credit crunch hits Christmas parties?

Many businesses are taking a break from expensive over the top Christmas functions in view of the recession, according to this Herald story:

TelstraClear have cancelled their annual bash because they see it as inappropriate to celebrate when business and personal customers are facing tough times. Other businesses are cutting Christmas cards for e-mails and making donations to City Missions, or scrapping parties in favour of staff gifts.

The BNZ seem to be bucking the trend though, hosting a $40,000 party for senior management at Auckland restaurant Cibo. Check out the details in this Herald on Sunday story:


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