Sharechat Logo

Opposition parties launch their own inquiry into job losses

Friday 12th October 2012

Text too small?

Opposition parties meeting today to publicise the issue of job losses have announced a parliamentary inquiry.

The inquiry is outside the usual select committee process and is similar to one held previously on profits made by banks in New Zealand.

A joint statement by the Greens, Labour and NZ First says the Finance and Expenditure committee last month blocked an attempt to hold a select committee inquiry into a crisis in manufacturing so the parties will hold their own inquiry.

It will hear oral submissions in several cities in early December. Other parties were welcome to join.

The opposition parties say that since 2008 nearly 40,000 manufacturing jobs have been lost to the economy. They do not give a figure for the number of jobs created.

In recent months jobs have gone at Solid Energy's Spring Creek and Huntly East mines, Norske Skog's paper mill in Kawerau, the Tiwai Point aluminimium smelter, Axiam Metals, Nuplex Industries, Flotech, Summit Wool Spinners, Goulds Fine Foods, Fisher & Paykel Appliances, KiwiRail and the Christchurch Engine Centre.

Businesses, unions and economists are also attending the jobs summit in Auckland on Friday.

NZ First leader Winston Peters again called for changes to way the Reserve Bank of New Zealand operates to promote growth.

EPMU national secretary Bill Newson says the summit was a sign of the emerging consensus that the government needed to take a more active role in the economy.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Mercury points to peaking gains as FY production drops 10%
Asset Plus sells Heinz Watties distribution centre for $29.1 mln
18th July 2019 Morning Report
COMMENT: RBNZ's key political omission in its bank capital proposals
ANZ and Westpac credit rating outlooks downgraded to 'negative' outlook: Fitch
MARKET CLOSE: NZ shares edge higher in quiet trading; weaker currency buoys exporters
NZ dollar stalled amid uncertainty about US rate cuts
RBNZ a 'poor communicator' - CBL's Harris
Methane reduction target could be catastrophic - Fonterra Shareholders' Council
Greater role for gas in electrification of transport, industry

IRG See IRG research reports