Taxpayer may step in to bailout struggling Fisher and Paykel

Tue, 17 Feb 2009 12:00a.m.

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Prime Minister John Key is still suggesting the taxpayer may step in to help struggling but iconic kiwi company, Fisher & Paykel Appliances.

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19 Feb 2009 09:37p.m.

Ty Williams wrote:

So Bongard (CEO) reduces his salary by 73K. This is a man with a 1.3Mil salary.... Ooh he must be doing it hard. The company has in fact moved it's operations to Mexico but I guess it's the same thing as moving it to China... Low wages. Here's the thing though, the company is still posting a profit... minus 40mil from its last posted profit. How is it that a company still posts a multi million dollar profit and the taxpayers of this country are expected to boost the profits of an off-shore owned company that is moving it's operations off-shore?

Is that a National party Party Trick? Get with it John Key & honour your pre-election promise to help the workers made redundant by companies who are moving off-shore... Doh I mean suffering from the worldwide depression clearly brought about by poor people.

18 Feb 2009 09:38a.m.

james wrote:

I don't see why the tax payer has to bailout f&p when they went off shore and took away kiwi jobs.they are no longer an kiwi icon they are MADE IN CHINA let china bail them out.

18 Feb 2009 12:20a.m.

John, Lower Hutt wrote:

Well I thought everything was supposed to be roses for F&P after they moved their operation to China and escaped the former 'evil socialist Labour-led high tax regime.' And now they want the good ole tax-payer to bail them out eh? What if we all evaded taxes?