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

 


Summit Wool Spinners update

27 February 2013

Summit Wool Spinners update

This week is Summit Wool Spinners' final week of operation. Workers are finishing this week, and await decisions from Godfrey Hirst owned Canterbury Spinners on the future of the plant.

FIRST Union Textiles Secretary Paul Watson said Summit's decision to close the plant was a huge blow for North Otago.

"Summit made a significant contribution to Oamaru. It has long been the town's major employer. Its closure is a very painful one for its workforce and their families," he said.

"That there is still no certainty on the future of the plant under Canterbury Spinners makes it more difficult for the workers and the community."

Paul Watson said that the union had collective employment agreements at several other Godfrey Hirst and Canterbury Spinners worksites, and had been in regular contact with the company.

"We are continuing discussions with the company on the nature of future work. Obviously we would want to see the establishment of long term employment security for those offered jobs and more will emerge on this point in the near future."

"The union is also committed to establishing on going support for all redundant workers by working with the Mayor of Waitaki District to establish a Redundancy Support Programme that offers additional support than that offered by government agencies. This approach has worked well in previous redundancies in the textiles sector, including Lane Walker Rudkin, Pacific Brands and Canterbury Spinners’ own Bromley plant.”

"The Mayor and FIRST Union have been in contact with the Ministry of Social Development to seek funding support for the Programme."

The National Distribution Union and Finsec joined forces in October 2011 to form New Zealand’s newest union – FIRST. The union represents 27,000 people working in Finance, Industrial (Textile and Wood) Retail, Stores & Transport. http://firstunion.org.nz

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news