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

 

Infrastructure Sector Sees 30 Percent Less Jobs

 

 

 

“Professions across the New Zealand infrastructure sector could shed up to 30 per cent of staff over the next 6 months unless immediate measures are taken to protect workers and restart construction,” says Infrastructure NZ CEO Paul Blair.

 

“We have been speaking with a cross section of our 140+ members over the last two weeks to better understand the impacts of the lockdown on their business and the broader infrastructure sector.

 

“Contracting and construction companies could let go of up to 30% of their staff within 3 months under the current conditions.

 

“In 6 months, those providing advisory and other support services will be in a similar critical position.

 

 

 

 

“The construction sector was already in a precarious position, which the Construction Sector Accord – an industry-government partnership – is working to alleviate.

 

“Infrastructure New Zealand has joined the Accord Steering Group. This Group is making positive progress with the Government at the table, listening carefully and rapidly considering ways to support the sector in these challenging and uncertain times.

 

“What industry is hoping for is that the kind of on-site health and safety protection measures successfully employed in countries like Singapore and South Korea to keep construction sites open, can be equally successfully applied here.

 

“Increased and ongoing Government subsidies might tide the industry over, but the clear mood of the sector is for a staged reduction from Level 4 to 3 and down of the Alert System.

 

“If we can agree measures around personal protection over the next 3 weeks, the most essential construction projects could move down to Level 3, allowing work to restart.

 

“Many infrastructure companies are talking about weeks rather than months before they risk insolvency. Several have already taken extraordinary measures to cut salaries and reduce employee hours.

 

“The infrastructure sector will be essential to New Zealand’s rebuild and recovery. If we can mitigate infection risks and provide for a staged return of construction, New Zealand can emerge from this crisis as quickly as possible,” says Blair.

 

Infrastructure New Zealand is hosting a webinar at 4pm today, 31 March, where CEO Paul Blair will provide more details from our discussions with industry and government leaders as well as presenting the results of our online survey. He will also be taking questions from attendees. Please click here to register for the webinar.

 

 

 

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Policy Lessons From A Year Of Covid-19

The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing longer-term challenges, Reserve Bank Governor Adrian Orr said... More>>


Transport Industry Association: Feb 2021 New Vehicle Registrations Strongest On Record

Motor Industry Association Chief Executive David Crawford says that the February 2021 figures are the strongest for the month of February ever. Registrations of 12,358 were 8.0% up on February 2020. Year to date the market is up 7.1% (1,735 units) compared to the first two months of 2020... More>>

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>


OECD: Annual Inflation Picks Up To 1.5% In January 2021 While Euro Area Records Sharp Increase To 0.9%

Annual inflation in the OECD area picked up to 1.5% in January 2021, compared with 1.2% in December 2020. Following a rebound between December and January, the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December... More>>


Hemp Industries Association: Could The Next Team NZ Boat Be Made Entirely Of Hemp?

With The America’s Cup due to start in a few days’ time, innovators from a very different sphere have been wondering how long it could be before New Zealand could be competing in a boat entirely built from hemp, with the crew eating high-energy, nutritious hemp-infused foods and wearing high-performance hemp kit..? More>>


ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>