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

 

PARLIAMENT TODAY:

Arming Police: Frontline Police To Routinely Carry Tasers

"In making the decision, the Police executive has considered almost five years worth of 'use of force' data… It consistently shows that the Taser is one of the least injury-causing tactical options available when compared with other options, with a subject injury rate of just over one per cent for all deployments." More>>

ALSO:

Gordon Campbell: On D-Day For Dairy At The TPP

While New Zealand may feel flattered at being called “the Saudi Arabia of milk” it would be more accurate to regard us as the suicide bombers of free trade. More>>

ALSO:

Leaked Letter: Severe Restrictions on State Owned Enterprises

Even an SOE that exists to fulfil a public function neglected by the market or which is a natural monopoly would nevertheless be forced to act "on the basis of commercial considerations" and would be prohibited from discriminating in favour of local businesses in purchases and sales. Foreign companies would be given standing to sue SOEs in domestic courts for perceived departures from the strictures of the TPP... More>>

ALSO:

"Gutted" Safety Bill: Time To Listen To Workplace Victims’ Families

Labour has listened to the families of whose loved ones have been killed at work and calls on other political parties to back its proposals to make workplaces safer and prevent unnecessary deaths on the job. More>>

ALSO:

Regulators: Govt To ‘Crowd-Source’ Regulatory Advice

A wide-ranging set of reforms is to be implemented to shake up the way New Zealand government agencies develop, write and implement regulations. More>>

ALSO:

Board Appointments: Some Minister Appoint Less The 3 In 10 Women

“It’s 2015 not 1915: Ministers who appoint less than 3 in 10 women to their boards must do better, they have no excuse but to do better,” said Dr Blue. More>>

Gordon Campbell: On The 1990s Retro Proposals For Our Health System

As we learned yesterday, the reviews propose that the democratically elected representation on DHBs should be reduced, such that community wishes will be able to be over-ridden by political appointees. In today’s revelations, the reviews also propose a return to the destructive competitive health model of the 1990s. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news