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Moves to protect workers’ money welcome - union

Monday, 15 March 2004, 5:01 pm
Press Release: Engineering Printing and Manufacturing Union

March 15, 2004

Media Release

New Zealand’s largest union is welcoming plans to increase the amount of workers’ money protected when companies collapse, but says that it comes too late to help hundreds of Qantas New Zealand workers.

The Government is proposing increasing to $15,000 the cap on owed wages and holiday pay to $15,000, and including redundancy pay in the equation. At the moment, the maximum each worker can claim as a preferential creditor is $6000 for wages and holiday pay. Any extra money owed – including the entire redundancy payment – is treated as an unsecured debt

Engineering, Printing and Manufacturing Union national secretary Andrew Little said that it was about time the law was revised to protect workers’ rights.

“We have several hundred members who are owed hundreds of thousands of dollars from the collapse of Qantas New Zealand nearly three years ago,” he said.

“As unsecured creditors, they have to line up behind secured creditors for what little might be left.”

Mr Little said that the union was still keen to talk to employers about establishing a trust fund to cover money owed to workers in company collapses, as had been done in Australia.

Ends

EPMU - Engineering Printing and Manufacturing Union

Proudly representing New Zealand workers

The EPMU is a democratic union representing over thirty thousand members in ten industries across New Zealand.
By standing together in a union workers get higher wages and better conditions.
As the country's biggest private sector union the EPMU can provide members with workplace representation, legal advice, a freephone support centre, work rights education and broad representation through the EPMU's campaigning and research work.
We campaign for fairness at work and a strong economy based on skilled jobs and investment in manufacturing.

CONTACT EPMU - ENGINEERING PRINTING AND MANUFACTURING UNION

Website - www.epmu.org.nz/
Media Contact - Stephanie Rodgers
Twitter - @EPMU

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