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


CHH Kinleith seeks interim injunction

Carter Holt Harvey Kinleith seeks interim injunction

Carter Holt Harvey Kinleith is today seeking an interim injunction to bring production workers back to work.

Chief Executive Brice Landman said the company had instructed its legal representatives to file papers this afternoon to attempt to get production workers back on the job tomorrow. The company believes the workers actions are unlawful.

About 280 production workers went on strike about 1pm following a stop work meeting over redeployment of production employees following the implementation of the new structure.

Mr Landman said the redeployment issue had been the subject of recent correspondence between the company and the union, and there was a dispute procedure in the contract to deal with such issues.

"We are disappointed by the production workers actions; nothing can be achieved through strike action. Contract negotiations resume next Tuesday where such issues will be on the table.

"Strike action adds to the financial difficulties already faced by Kinleith in the intensely competitive global pulp and paper market.

"No one involved with the mill can hide from these difficulties. The mill lost $13 million in the first nine months of last year and that trend has continued.

"Last year 18 stop work meetings cost the business more than $4 million. Every day of strike action means a further $500,000 in lost production.

"The fact remains that Kinleith must change if it is to survive, and this change process is now under way," Brice Landman said.

© 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>>


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>>



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>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news