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

 


Fairfax result partly due to the workers

Fairfax result partly due to the workers

Workers at Fairfax newspapers are congratulating their employer on making a record profit.

Australian-based John Fairfax Holdings Ltd, whose New Zealand interests include the Dominion-Post, Waikato Times, The Press and Sunday Star-Times newspapers, today announced profits of $A237 million, up more than 23 per cent on the previous year.

The company attributed its record result to “exceptional performance” by its New Zealand titles.

Engineering, Printing and Manufacturing Union national secretary Andrew Little said that workers at Fairfax papers in New Zealand were delighted with the news.

“We congratulate Fairfax on an excellent result,” he said, “but ask that the company acknowledges that its success is at least in part due to the efforts of journalists, printers and other workers at those New Zealand newspapers.”

Workers at five Fairfax community newspapers in Wellington – the Hutt News, the Upper Hutt Leader, the Kapi-Mana News, the Kapiti Observer and the Wellingtonian (formerly Contact) were on strike today in protest over the company’s refusal to give them a five per cent pay rise. The company has offered them a 3.2 per cent rise.

Last week journalists and printers at the Waikato Times took industrial action in their pay dispute.

Mr Little said that it was unrealistic for the company to expect its workers to settle for less than the going rate when it could clearly afford to give them a fair pay rise.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

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