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

 

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news