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

 


Govt mismanagement huge stress for workers


Clayton
COSGROVE
SOE Spokesperson
3 April 2013 MEDIA STATEMENT
Govt mismanagement huge stress for workers

The Government’s financial mismanagement of the Tiwai Point deal is causing huge stress for South Islanders by putting over 3000 jobs at risk, says Labour’s SOEs spokesperson Clayton Cosgrove.

“Right across the lower South Island families are extremely concerned about their future. And they’re right to be – thousands of jobs could be lost.

“The blame lies squarely with the Government’s financial mismanagement. Everyone saw this coming apart from the Government. Despite numerous warnings John Key ploughed ahead with selling Mighty River and walked straight into the trap set by Rio Tinto.

“Now we risk a serious blow to the economy and the Government is all at sea. National owes it to concerned Southlanders to be honest and upfront about what’s on the table.

“Chances are he won’t be. John Key even claims the huge uncertainty and possible closure of Tiwai Point won’t have a big impact on Mighty River’s share price. That’s being very economical with the truth. Investment analysts say Tiwai’s closure would wipe 12 – 15 per cent off the company’s value.

“That’s a loss of half a billion dollars which will be a blow to the share price, no matter what John Key says. Investors will demand a discount for uncertainty.

“The Government’s insistence on ploughing ahead with the Mighty River sale is what’s got us into this mess. Rio Tinto saw an opportunity for leverage and took it. The sale must be stopped to provide breathing space and help secure a future for Southland.

“This is a process run by amateurs. And the Government is repeating history. They were warned two years before Solid Energy started falling apart yet they did nothing. Again the Government ignored the warnings and is repeating its mistakes,” says Clayton Cosgrove.


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Hager Revelations: Inquiry Into NZSIS Release Of Goff Docs

The Inspector-General of Intelligence and Security (IGIS), Cheryl Gwyn, announced today that she would be instituting an inquiry concerning allegations that the New Zealand Security Intelligence Service (NZSIS) might have released official information to Mr Cameron Slater, regarding briefings provided to the then Leader of the Opposition, for political purposes...

“I am satisfied there is a sufficient public interest justifying the commencement of an own-motion inquiry into the substance of the issues raised with my Office,” said Ms Gwyn. More>>

Goff: Director’s Letter Contradicts Key’s Claims

At yesterday’s media standup, when asked on the topic John Key said ‘I wasn’t told’...
“In a letter dated November 2011 former SIS director Warren Tucker states three times that ‘in accordance with the usual practice of keeping the minister informed’ the Prime Minister had been told. More>>


 

Parliament Today:

Electionresults.co.nz: National and NZ First Rise in Roy Morgan Poll

National has bounced back in the latest Roy Morgan Poll but the big winner has been New Zealand First who rise to their highest level of support since September 2013. More>>

ALSO:

Fish Pun Warning: By Hoki! It’s Labour’s Fisheries Policy

A Labour Government will protect the iconic Kiwi tradition of fishing by improving access to the coast, protecting the rights of recreational fishers and reviewing snapper restrictions, Labour’s Fisheries spokesperson Damien O’Connor says. More>>

ALSO:

It's Official: Governor General Gives Direction To Conduct Election

The Governor General has signed the writ directing the Electoral Commission to conduct the General Election on 20 September 2014. This is the formal authority to run the 2014 election, and enables candidate nominations to open tomorrow Thursday 21 August 2014. More>>

Gordon Campbell: No More Mr Nice Guy

When future historians seek to identify the exact moment when the prime ministerial career of John Key hit the downward slope, they may well point to Key’s interview yesterday with Guyon Espiner on RNZ’s Morning Report. More>>

ALSO:

Dirty (Politics) Weekend: Collins’ Admission Reason For Key To Act

"Despite claiming that the evidence about her in Nicky Hager's book was ‘false’ Judith Collins has now been forced to admit that she did send information about a Ministerial Services staff member to Cameron Slater for him to use in a baseless smear campaign. More>>

ALSO:

Potential Disasters: Underground Coal Fire On Denniston Plateau

Forest & Bird says one or more coal fires have broken out beneath the Denniston Plateau, and that the Department of Conservation (DOC) must stop Bathurst Resources’ preparatory mining work going on there until the fire or fires are extinguished. More>>

ALSO:

Bikes: Nats Plan $100 Million For Urban Cycleways

Prime Minister John Key has today announced $100 million in new funding will be made available over the next four years to accelerate cycleways in urban centres. More>>

ALSO:

New Tax Bracket, Child Poverty Fund: Greens Launch Billion Dollar Plan To Reduce Child Poverty

The Green Party has launched a billion dollar package to significantly reduce child poverty in New Zealand. The details of the plan were released at the party’s campaign launch in Auckland. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news