Wed, 27 Jun 2012 9:54a.m.
Eighty-five workers have lost their jobs after Cavalier announced this morning it would be closing its spinning plant in Onehunga.
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28/06/2012 5:20:13 a.m.
Just another business gone down the drain due to economic times under a national govt with no vision. Wondering what the brighter future actually meant.
27/06/2012 11:07:48 a.m.
We import a lot more carpet from Austrailia than we used to. This is one example of wool yarn used.Let me guess, its their low dollar and lower wages in aus that make it competitive to export carpet to NZ? The real reasons are that we have a recession, we have less demand locally. We have a world recession, we have less demand globally.Even before the recession Austrailia with its higher dollar and higher labour costs was making in-roads to NZ due to pure in-efficency. NZ manufacturing needs to stop moaning and get off its backside and make itself competitive and stop this asking for everyone else to solve their own problems.The union asking for government support? When has the union suported the government? Oh wait! NEVER!The NZ economy has the highest growth in 5 years this last quarter. Get real, improve efficency, and live with it. That we have that growth while most countries in the OECD have not shows the government is doing something!Lets face it. $3.5 mil profit for the size of Cavalier is pathetic. Its more than just the recession at work.Take Kodak, a large multi-national that ignored changes to the industry - and what happened? They went out of business. Businesses have to adapt to the times and Cavalier has not. But then Cavalier is not the 1st, but about the 10th in the NZ sector of industry to be having trouble in recent years.
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