New Zealand Law
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It may be that they are restructuring but in reality just trying to reduce your extra items in your employment. A redundancy must be from genuine reasons and not an excuse to take away from your present terms of employment. So you need to ask some hard questions about whether this is genuine and if your new proposed role is substantially the same then they cannot impose this on you.
You need to set up a meeting to discuss this, and ask the direct questions, such as, this is the same job but with the benefits reduced. Tell them you can do the job better with the existing terms, and that you are concerned this is not a genuine redundancy. And if this employer treats you like this, you may want to look elsewhere as this employer does not value you.
I think raise this with both the CE and the HR company. If they want to remove the benefits they should be open about this rather than calling this a restructure, and they should pay compensation if you agree to the changes, as this is a reduction in your salary package