Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Opportunity to make positive changes

Immediate Media Release


Rest home receiver has the opportunity to make positive changes

The official receiver of NZ Lifecare Investments’ six rest homes has the opportunity to make changes for the better, says Age Concern New Zealand President Jill Williams.

The rest home sector has been in transition the past few years. Not-for-profit organisations, such as churches, have left the industry. They have been replaced by corporates, mostly multi-nationals.

Age Concern says this change is not necessarily for the worse.

“Handled correctly, everyone can be winners if the capital investment and professional management they can bring are used to increase the welfare of rest home residents.”

In the case of the six rest homes owned by NZ Lifecare Investments, Age Concern New Zealand is calling on the receiver to consider the residents, not just the creditors when restructuring the company.

“We realise this is an anxious time for the residents and their families, and we’re heartened by the receiver’s assurance the homes will stay open. It’s important the receiver continues keeping everyone informed and involved.

“Rest homes are living vibrant communities and in taking on these six rest homes, the receiver has become responsible for the welfare of older people and their caregivers.”

“There is a fear that new owners can use takeovers as opportunities to change workers’ terms and conditions, usually for the worse. High staff turnover and low pay are affecting the industry. We’re calling on rest home owners not to take the financial problems out on the nurses and other staff,” Jill Williams says.

Age Concern’s message to the receiver, Corporate Finance, is to take this opportunity to make this a change for the better.

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Stats NZ: Largest Drop In Terms Of Trade In A Decade As Dairy Export Prices Sour

Lower export prices for dairy, meat, and logs in the September 2020 quarter led to the biggest drop in terms of trade since June 2009, Stats NZ said today. Export prices fell in the September 2020 quarter, down 8.3 percent from its highest ever ... More>>

ALSO:

Stats NZ: Election Boosts October Job Numbers

Job numbers were boosted by general election staff in October 2020, along with rises in the manufacturing, retail, and hospitality industries, Stats NZ said today. Filled jobs rose by 27,667 to 2.2 million in October 2020 compared with September, after ... More>>

Government: New Year Border Exception For Seasonal Workers In The Horticulture And Wine Industries

2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week ... More>>

ALSO:


Media: Discovery, Inc. Completes Acquisition Of New Zealand’s Mediaworks TV Ltd

Auckland, New Zealand, December 1, 2020 - Discovery, Inc. (“Discovery”), the global leader in real-life entertainment, has completed its acquisition of New Zealand’s leading independent free-to-air commercial broadcaster, MediaWorks TV Ltd, now operating ... More>>

Department Of Conservation: Big Year Underway At Albatross Colony

Familiar faces are returning for the new season of Royal Cam, with a big breeding year underway for the toroa/northern royal albatross colony on Otago’s windswept Pukekura/Taiaroa Head. More than 120 albatrosses, a taonga species, have returned ... More>>

Real Estate: ASB Survey Reveals Majority Of Kiwis Expect House Prices To Keep Climbing

ALSO:

House price expectations are soaring as New Zealand’s housing market shifts up a gear. But stretched affordability is putting a dent in perceptions of whether it’s a good time to buy. While Kiwis reveal they do expect interest rates to fall further. ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>

ALSO: