Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

85 more jobs killed by the NZ dollar

85 more jobs killed by the NZ dollar - Christchurch textile firm in receivership

News that the high New Zealand dollar has claimed another textile firm has come as a huge shock to those affected, FIRST Union said today.

Staff at Christchurch Yarns were told yesterday that their firm has been placed in to receivership. 85 workers are affected, and all are expected to be made redundant.

FIRST Union represents three quarters of workers on site. Staff are being further updated at a meeting on site on Monday at 11am.

The company is citing a downturn in orders, in particular in Australia, as demand for carpet weakens, and the punishingly high New Zealand dollar.

The union understands the company is proposing to employ a skeleton crew for a further 3 weeks on fixed term agreements to finish up orders.

At the moment workers’ wages and holiday pay will be paid out, but any redundancy pay is not confirmed at this stage and it will go in as a preferential claim as per usual receivership scenarios. The status of long service entitlements is also still to be confirmed at this stage.

FIRST Union General Secretary Robert Reid said:

“This has come as a complete shock. Workers and their union were given very short notice of the receivership.”

“This receivership follows on from that of Southern Cross Forest Products this year and Tachikawa Forest Products late last year. The primary product processing industries are particularly vulnerable and are being squeezed between high commodity process and the high dollar.”

“Christchurch Yarns workers have a highly specialised skill set, and the workforce includes a number of older workers many of whom will find it difficult securing other work.”

“We will make contact with Council and MSD officials to ensure workers get all the assistance they need, and will seek support to implement a redundancy support programme, similar to what we have done in recent years at Lane Walker Rudkin, Pacific Brands and Canterbury Spinners,” Robert Reid said.

Ends.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

.

 
 

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>

ALSO:

Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>

ALSO:

(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>

ALSO:

Earlier:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election