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

Gordon Campbell:
On The Last Rites For The TPP

The Trans Pacific Partnership trade deal is one of those litmus issues that has always had more to do with one’s place on the political spectrum than with any imminent reality.

To date, the Greens have opposed (a) a wide range of the leaked content of the TPP (b) the secretive way it has been negotiated and (c) the undemocratic way in which any final document would be ratified. Labour has shared some of those concerns, but while remaining generally supportive of the deal itself.

National has, for its part, been very enthusiastic about the TPP, while still giving assurances about Pharmac being protected... For the TPP’s friends and foes alike though, the end now seems nigh. More>>

 
 

Gordon Campbell: On The Farcical Elevation Of David Seymour

With the election won, it’s time to find jobs for the boy. David Seymour is the Act Party’s latest scrounger to be rewarded by the National Party, and not only with a seat in Parliament. More>>

ALSO:

As Key Mulls Joining ISIS Fighting: McCully Speech To UN Backs Security Council Bid

It is an honour to address you today on behalf of the Prime Minister and Government of New Zealand. Our General Election took place last week - our Prime Minister Rt Hon John Key is engaged in forming a government and that is why he is unable to be here in New York... More>>

ALSO:

Labour: Cunliffe Triggers Party Wide Leadership Contest

David Cunliffe has resigned as Labour Leader, but says he will seek re-election... If there is any contest the election will have to go through a process involving the party membership and union affiliates. More>>

ALSO:

Flyover Appeal: Progress And Certainty, Or Confusion And More Delays?

Lindsay Shelton: The Transport Agency, embarrassed by the rejection of its flyover alongside the Basin Reserve, says it’s appealing because the decision could “constrain progress.” Yet for most clear-sighted Wellingtonians a 300-metre-long concrete structure above Kent and Cambridge Terraces would in no way be seen as progress… More>>

ALSO:

Gordon Campbell: On Cunliffe’s Last Stand

Right now, embattled Labour leader David Cunliffe has three options. None of them are particularly attractive for him personally, or for the Labour Party... More>>

ALSO:

Key Seeking 'New Ideas': Look To Children’s Commissioner On Poverty - Greens

John Key should not reinvent the wheel when it comes to ideas for tackling child poverty, and instead look to the recommendations of the Children’s Commissioner’s Expert Group on Child Poverty, Green Party co-leader Metiria Turei says. More>>

ALSO:

'Safe To Re-Enter' - OIA Docs: Safety Is Absolute Priority At Pike River Mine

“We understand that the time it is taking to complete our evaluation of the risks is frustrating for the family members and we are trying to complete this work as quickly as we can,” Ms Dunphy says. “It is Solid Energy’s responsibility to make this decision and we will do so, once we have all the information required to make a fully-informed decision.” More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
More RSS  RSS
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news