Treasury Contradicts Employers’ Doom Predictions

Monday, 1 March 2004, 11:47 am
Press Release: New Zealand Council of Trade Unions

Treasury Report Contradicts Employers’ Predictions of Doom

“The Treasury report to Government on the Employment Relations Act amendments clearly contradicts business organisations’ predictions of doom for the economy,” Council of Trade Unions president Ross Wilson said today.

A Treasury report released to Radio New Zealand under the Official Information Act disclosed that Treasury advised the Government that the effects of the amendments to the Employment Relations Act were likely to be limited.

“The CTU has said that the Bill is a modest change to a moderate law and the Treasury report confirms this assessment,” Ross Wilson said

“It is the unjustified scaremongering by business organisations for political motives that is likely to have a negative economic effect, as it did in 2000,” he said.

“The business organisations already have a credibility problem after previous dire predictions have proved unfounded,” Ross Wilson said. “The Treasury report is another dent.”

New Zealand Council of Trade Unions

Te Kauae Kaimahi

The New Zealand Council of Trade Unions Te Kauae Kaimahi brings together over 350,000 New Zealand union members in 40 affiliated unions. We are the united voice for working people and their families in New Zealand.

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