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

 

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

The Price Of Cheese: Cheddar At Eight-Year Low

Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent. More>>

ALSO:

Financial Advisers: New 'Customer-First' Obligations

Goldsmith plans to do away with the current adviser designations which he says have been "unsatisfactory" in that some advisers are obliged to disclose potential conflicts of interest and act in their customers' best interests, but others are not. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news