Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Contact cuts show SOE sales pure idiocy

Clayton
COSGROVE
Spokesperson for SOEs
14 February 2013 MEDIA STATEMENT

Contact cuts show SOE sales pure idiocy

Contact Energy’s decision to cut 100 employees because the electricity market is flat shows the Government’s push to sell two state-owned electricity companies this year is just plain stupid, says Labour’s SOEs spokesperson Clayton Cosgrove.

“Contact Energy is cutting jobs and $40 million in spending because the electricity market is so flat. Putting a company on the market when demand for its product is low is madness. Yet this Government wants to sell two electricity companies this year.

“This Government clearly doesn’t understand basic supply and demand. Selling state assets is economic idiocy in the first place but selling when demand is flat would have school-age economics students scratching their heads.

“These cuts are proof that selling shares in our state assets is a big mistake as they will quickly be sold offshore. Contact is predominantly foreign owned and its overseas shareholders aren’t worried about Kiwi workers, they just want a good return.

“Over 370,000 New Zealanders have signed a petition to halt asset sales. The Government needs to listen to public and economic reason,” says Clayton Cosgrove.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Mt Eden Prison: Serco Inquiry Extended

A two month delay to the Government investigation into prison fight clubs shows the extent of problems within the Serco circus, says Labour’s Corrections spokesperson Kelvin Davis. More>>

ALSO:

Health And Safety: Late Addition Of National Security Provisions A Concern

The New Zealand Law Society has expressed its significant concerns at the last-minute addition to the Health and Safety Reform Bill of provisions for a closed material procedure for court proceedings where national security is involved. More>>

ALSO:

Rugby And Beer: World Cup Alcohol Bill Passes

ACT MP David Seymour’s Sale and Supply of Alcohol (Extended licensing hours during Rugby World Cup) Bill completed its third reading by 99 to 21... More>>

ALSO:

Gordon Campbell: On The Flag Campaign

So far, the public has treated the government’s flag campaign with something between disinterest and disdain. Most New Zealanders have instinctively seen through the marketing hype involved. More>>

Change For 2017: Local Govt To Decide On Easter Sunday Trading

The Government is to enable local communities, through councils, to decide whether retailers can open on Easter Sunday, Workplace Relations and Safety Minister Michael Woodhouse announced. More>>

ALSO:

(And Targets Worse Than Australia's): Foresters Abandoning Emissions Trading Scheme

The Government’s gutting of the Emissions Trading Scheme has caused foresters to leave and emissions to rise, says Labour’s Climate Change spokesperson Megan Woods. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news