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

 

Fairfax cuts a blow to democracy - EPMU

August 26, 2008

Fairfax cuts a blow to democracy - EPMU

Fairfax's proposed redundancies will be a huge blow to already strained newsrooms and to New Zealanders' democratic right to be properly informed about their country's major issues, says the Engineering, Printing and Manufacturing Union.

The 160 redundancies were announced today and follow the Australian media giant registering a profit of AU$387 million - a 47% increase on the previous return.

EPMU national secretary Andrew Little says the move will ultimately hurt New Zealand journalism and Fairfax's bottom line.

"Fairfax claims these cuts are about adapting to new technologies and platforms but the way to deal with these changes is to increase the size of newsrooms and compete on the quality of news.

"Further reducing newsrooms will only mean more of their already overworked journalists will struggle to give properly researched treatment to their stories and as a result their readers will not get the information they need to make informed decisions in their day to day lives.

"That this is happening in an election year is particularly disturbing as this is a time in which people need the best information possible to make important decisions about the future of New Zealand.

"A strong and well resourced fourth estate is a vital part of a functioning democracy but today Fairfax dealt a blow to all New Zealanders."

The EPMU will be taking the issue to its members to discuss its next move.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


FMA: Files Civil Proceedings Against Kiwibank For False Or Misleading Representations Over Fee Waivers

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has filed High Court civil proceedings against Kiwibank for making false and/or misleading representations, under the fair dealing provisions of the Financial Markets Conduct Act (FMC Act)... More>>

ALSO:


What Lies Beneath: Is The Housing Market Turning?
Rising interest rates, combined with further tightening of credit availability appear to be dampening the enthusiasm of investors and first home buyers. While house values continue to rise, what lies beneath QV's latest figures is growing evidence that price pressure has shifted... More>>



R&NTU: KiwiRail strike notices withdrawn following new offer

Strike notices on KiwiRail have been withdrawn. Rail and Maritime Transport Union General Secretary Wayne Butson says following negotiations between the RMTU and KiwiRail, a new offer from KiwiRail will be taken back to union members for ratification... More>>


Reserve Bank: Deputy Governor Reflects On Time At RBNZ
Central bankers must continue to look forward to guard against the unpredictable, Deputy Governor Geoff Bascand says in a speech published today. Mr Bascand joined the Reserve Bank of New Zealand – Te Pūtea Matua in 2013 during the aftermath of the Global Financial Crisis... More>>


Xero: Data Reveals ICT Expenditure Key To Small Business Sales Growth
Xero, the global small business platform, today released a new report which shows New Zealand small business ICT expenditure has increased 25 percent compared to pre-pandemic levels - more than the UK (20%) and Australia... More>>


Fonterra: Lifts Forecast Farmgate Milk Price Range And Revises Earnings Guidance At First Quarter Update

Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range, reported a solid start to the 2022 financial year and revised its earnings guidance... More>>


Canterbury Museum: New Research - Bald Haast's Eagle Feasted On Moa Guts

New Zealand’s extinct Haast’s Eagle (Hieraaetus moorei), the largest known eagle, gulped down viscera like a vulture and may even have been bald, new research suggests... More>>