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

 

Opportunity to make positive changes

Immediate Media Release


Rest home receiver has the opportunity to make positive changes

The official receiver of NZ Lifecare Investments’ six rest homes has the opportunity to make changes for the better, says Age Concern New Zealand President Jill Williams.

The rest home sector has been in transition the past few years. Not-for-profit organisations, such as churches, have left the industry. They have been replaced by corporates, mostly multi-nationals.

Age Concern says this change is not necessarily for the worse.

“Handled correctly, everyone can be winners if the capital investment and professional management they can bring are used to increase the welfare of rest home residents.”

In the case of the six rest homes owned by NZ Lifecare Investments, Age Concern New Zealand is calling on the receiver to consider the residents, not just the creditors when restructuring the company.

“We realise this is an anxious time for the residents and their families, and we’re heartened by the receiver’s assurance the homes will stay open. It’s important the receiver continues keeping everyone informed and involved.

“Rest homes are living vibrant communities and in taking on these six rest homes, the receiver has become responsible for the welfare of older people and their caregivers.”

“There is a fear that new owners can use takeovers as opportunities to change workers’ terms and conditions, usually for the worse. High staff turnover and low pay are affecting the industry. We’re calling on rest home owners not to take the financial problems out on the nurses and other staff,” Jill Williams says.

Age Concern’s message to the receiver, Corporate Finance, is to take this opportunity to make this a change for the better.

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>


Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO:

CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>

ALSO:

Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>

ALSO:

Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>

ALSO: