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

 

50% Reduction In Accidents Would Double Growth

Presentation to Select Committee at 10.20am today

13 March 2002

50% Reduction In Accidents Would Double Economic Growth

“Economic growth in New Zealand could double to 5% for the 2003 year if we are able to reduce the current high incidence of occupational accidents and disease by 50%,” Council of Trade Unions president Ross Wilson told Parliament’s Transport and Industrial Relations Select Committee today.

Ross Wilson was presenting the CTU submission on the Health and Safety in Employment Amendment Bill.

Ross Wilson said the BERL forecast for GDP growth released today forecast 2.3% for the 2003 (March) year.

“With the cost of accidents at 4% of GDP, or $4.5 billion per annum, a reduction of just 50% would add more than $2 billion to, and would increase our economic growth to 4.3%,” he said.

“That is equivalent to 28.6% of Vote Health and 31.4% of Vote Education.

“Yet all we hear from business spokespeople are complaints about the ‘compliance costs’ of the modest changes which the new Bill will introduce to address fatality levels which are now reaching crisis levels in New Zealand workplaces.”

Ross Wilson said that New Zealand business can’t afford not to make an increased investment in workplace health and safety.

“The reality is that we have to act with urgency, not only to prevent grief and anguish to the families and friends of the 500 or more workers who die from work-related accidents or disease every year, but also to avoid a mounting cost which has the potential to negate any economic growth which we achieve,” he said.


For further information contact Ross Wilson, Tel: (04) 802-3812
or Lyndy McIntyre, Tel: (04) 802-3817

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>