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

 

Redundancies at Summit Wool Spinners

Media Release FIRST Union

Wednesday June 6, 2012

Redundancies at Summit Wool Spinners

Redundancies at a major North Otago wool plant are reflective of the difficulty manufacturers are facing across the country, the textile workers’ union said today.

Following consultation with FIRST Union and the EPMU, Summit Wool Spinners has today confirmed 49.5 redundancies at its Oamaru plant

“While it is good news that we are not dealing with a full plant closure, Summit is one of North Otago’s biggest employers and these job losses will be felt throughout the region,” FIRST Union Textiles Secretary Paul Watson said tonight.

“The redundancies at Summit are indicative of the problems facing the manufacturing sector. We are constantly hearing from export firms who are struggling to compete and find markets in the current global economic downturn.”

Industry could not stabilise and grow while the dollar is so high, and government action was needed to deal with the volatile New Zealand dollar, Paul Watson said.

“Our high currency is punishing exporters. Our union is dealing with redundancies in both the textiles and wood industries, yet there is no support from government to address the fundamentals of our monetary policy settings.”

The National government’s refusal to target speculative cash washing in and out of New Zealand from overseas currency traders meant that more workers and regional communities would continue to pay the price for government inaction, Paul Watson said.

Ends.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Chilling The Warm Fuzzies About The US/China Trade Deal

Hold the champagne, folks. This week’s China/US deal is more about a change in tone between the world’s two biggest economies – thank goodness they’re not slapping more tariffs on each other! - than a landmark change in substance. The high walls of US and Chinese tariffs built in recent years will largely remain intact, and few economists are predicting the deal will significantly boost the growth prospects for a slowing US economy. As the New York Times noted this morning, the likes of New Zealand will still face the trade barriers imposed by the Trump administration during the recent rounds of fighting. More>>

 

PGF Kaikōura $10.88M: Boost In Tourism & Business

The Provincial Growth Fund (PGF) is investing $10.88 million to boost business and tourism opportunities in Kaikōura, Parliamentary Undersecretary for Regional Economic Development, Fletcher Tabuteau announced today. More>>

ALSO:

Whitebaiting: Govt Plans To Protect Announced

With several native whitebait species in decline the Minister of Conservation Eugenie Sage has today released proposals to standardise and improve management of whitebait across New Zealand. More>>

ALSO:

Education: Resource For Schools On Climate Change

New resource for schools to increase awareness and understanding of climate change... More>>

ALSO:

In Effect April: New Regulations For Local Medicinal Cannabis

Minister of Health Dr David Clark says new regulations will allow local cultivation and manufacture of medicinal cannabis products that will potentially help ease the pain of thousands of people. More>>

ALSO:


RNZ: New Year Honours: Sporting Greats Among Knights And Dames

Six new knights and dames, including Silver Ferns coach Dame Noeline Taurua and economist Professor Dame Marilyn Waring, have been created in today's New Year's Honours List. The list of 180 recipients - 91 women and 89 men - leans heavily on awards for community service, arts and the media, health and sport.
More>>

ALSO:

Gordon Campbell: On What An Inquiry Might Look Like

Presumably, if there is to be a ministerial inquiry (at the very least) into the Whakaari/White Island disaster, it will need to be a joint ministerial inquiry. That’s because the relevant areas of responsibility seem to be so deeply interwoven... More>>

ALSO:


 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels