Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


ERA – framework for NZ’s growth

MEDIA RELEASE

24 January 2002

ERA – framework for NZ’s growth

“The Employment Relations Act provides the necessary framework for the future growth New Zealand needs,” said Council of Trade Unions secretary, Paul Goulter today.

Commenting on an NZIER survey on the impact of the ERA released today, Paul Goulter said:

“Unemployment is down since the ERA and wages are trending slightly up, but the real gains of our industrial framework, the sustainable gains that come from a high/skill, high/wage economy, will take longer than 12 months to be realised.”

Paul Goulter said the Employment Contracts Act had to go not only because it exploited our workforce, but because it was bad for business.

“The short term, opportunistic approach of the ECA was demonstrated in the lack of commitment business showed to training during the ECA era,” he said.

“We needed a change to an industrial framework which is about fairness and balance in employment relations and an investment in upskilling our workforce and rewarding workers appropriately.”

Commenting on the work stoppage figures released today, Paul Goulter said they were predictably up from the very low figures of last year.

“Last year we had the lowest work stoppage figures for the past decade,’ he said.

“This year the number is closer to the 1997 figure after five years of the Employment Contracts Act, but nowhere near the figure of 72 in 1996.”

Paul Goulter said the increase in stoppages was due to a tight labour market, a transition to a different industrial framework, including an increase in worker confidence, and some employers failing to recognise the new environment.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news