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

 


Transpacific sale not all good news for workers

Media release: FIRST Union

Tuesday March 4, 2014

Transpacific sale not all good news for workers

The sale of Transpacific Industries Group’s New Zealand assets has come at a cost to some of its workers who are being made redundant, FIRST Union said today.

Yesterday Transpacific Industries Group announced that it had entered into an agreement to sell its New Zealand business to a wholly owned subsidiary of the Beijing Capital Group for NZ$950 million.

FIRST Union represents workers at many of the company’s New Zealand waste and recycling sites.

FIRST Union General Secretary Robert Reid said 12 workers in the Hutt Valley are being made redundant this week. This follows redundancies in Auckland and other parts of the country.

“This is very disappointing. When the proposed sale was announced last October, we said a sale would be a good opportunity to lift the status and pay of recycling workers at Transpacific. Instead, some of its workers are losing their jobs.”

Transpacific had been subject to very high debt for a number of years under its previous owners. Robert Reid said that the company had over extended itself and then dealt with this by paying poverty wages to staff in its recycling centres.

“Recycling and waste management is physical and at times unpleasant work.”

“Processing workers and drivers work very hard and their jobs are essential to keeping our streets and communities clean, but they are paid poor wages.”

“Transpacific staff deserve better. We will work hard to ensure that the new owner does better by its staff that the previous one,” Robert Reid said.

Ends.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Scoop Business: NZ-Korea FTA Signed Amid Spying, Lost Sovereignty Claims

A long-awaited free trade agreement between New Zealand and South Korea has been signed in Seoul by Prime Minister John Key and the Korean president, Park Geun-hye. More>>

ALSO:

PM Visit: NZ And Viet Nam Agree Ambitious Trade Target

New Zealand and Viet Nam have agreed an ambitious target of doubling two-way goods and service trade to around $2.2 billion by 2020, Prime Minister John Key has announced. More>>

ALSO:

Scoop Business: NZ Economy Grows 0.8% In Fourth Quarter

The New Zealand economy expanded in the fourth quarter as tourists drove growth in retailing and accommodation, and property sales increased demand for real estate services. More>>

ALSO:

Scoop Business: RBNZ’s Wheeler Keeps OCR On Hold, No Rate Hikes Ahead

The Reserve Bank has removed the prospect of future interest rate hikes from its forecast horizon as a strong kiwi dollar and cheap oil hold down inflation, and the central bank ponders whether to lower its assessment of where “neutral” interest rates should be. The kiwi dollar gained. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news