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

 


Auditor-Gen investigation would have been beneficial

Media release: Rail & Maritime Transport Union
Friday February 8, 2013.

KiwiRail Auditor General investigation would have been beneficial

The Rail and Maritime Transport Union is disappointed that the Auditor General will not probe KiwiRail’s handling of its contracting out of wagons and locomotives to China CNR Corporation.

The Auditor General has today said it will not launch a formal inquiry into purchases of rolling stock from China CNR by KiwiRail, following a request last year from Dunedin South MP Clare Curran.

Wayne Butson, RMTU General Secretary, said that an inquiry would have been beneficial.

“The Auditor General has noted the reason it was not investigating the matter was because the decisions were made for normal business and commercial reasons.”

“But KiwiRail is not a normal commercial business. It is owned by the public of New Zealand, and should operate in New Zealand’s best interests.”

“KiwiRail needed to meet its obligations as an SOE to consider the wider social impact of its decisions to send train construction overseas, and the subsequent closure of Hillside workshops in Dunedin with the loss of 90 jobs.”

“We don’t believe it did, and would have welcomed the Auditor General assessing this.”

Wayne Butson said one of the reasons why New Zealand is facing a jobs crisis is because the government was taking no lead on procurement, and rail manufacturing was a classic example.

“KiwiRail needed to take a whole-of-life view of procurement, not just upfront costs.”

“But it needed a stronger steer from its shareholder, the government, also. John Key’s government has shown no interest whatsoever in using its significant purchasing power to support Kiwi jobs.”

“Steven Joyce said today that the answer to jobs was more foreign investment. Why would foreigners invest when the New Zealand government is not prepared to invest in New Zealand manufacturing,” Wayne Butson said.

Ends.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news