The textile workers' union stated that layoffs at a major North Otago wool facility are reflective of the difficulty makers are confronting crosswise the nation.
Following discussion with FIRST Union and the EPMU, Summit Wool Spinners toaday announced 49.5 layyoffs at its Oamaru facility.
FIRST Union Textiles Secretary Paul Watson stated, “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.”
"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 become stable and originate while the dollar is so high, and administration action was required to cope with the unstable New Zealand currency.
"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 administration's negative response to target speculative cash washing in and out of the country from abroad currency traders destined that more workers and regional communities would carry on paying the price for administration inaction.
Good News USA
- Vodafone NZ’s new ‘Red Home’ packages will offer UFB and 150 TV channels
- Vodafone NZ’s full-year profit plunged by more than two-thirds to $56 million
- Vodafone adding 34 European countries to ‘AU$5 per day’ international roaming option
- Telstra launches its new ‘Every Day Connect Data Share Packages’
- Voyager signs “multimillion-dollar deal” with submarine cable group Hawaiki