Home / Knowledge / News / Textiles / Summit Wool Spinners puts 192 jobs at stake
Summit Wool Spinners puts 192 jobs at stake
31
Jan '13
Summit Wool Spinners has this afternoon informed staff it will close its Oamaru plant, citing the high exchange rate as a contributing factor.

The closure will affect all 192 workers at the site including management.

Summit Wool Spinners has sold the plant to Godfrey Hirst subsidiary Canterbury Spinners Limited, which operates plants in Lower Hutt and Dannevirke.

A closure date had not been finalised but it will be some time around the end of February.

Members of the EPMU and FIRST Union were told of the decision at a site meeting at 3.30pm this afternoon. The workers will receive redundancy compensation through their union collective agreements.

EPMU organiser John Gardner said that like many other manufacturing firms, Summit had been hit hard by the high New Zealand dollar.

“Summit is the second largest employer in Oamaru and has been a part of the town for 130 years. These redundancies are devastating for staff and for the whole community of Oamaru which relies so heavily on these jobs.

“Summit has been a very good employer and didn’t want to make these redundancies, but the government’s refusal to act on the overvalued exchange rate or provide any kind of strategy for manufacturing means they were left with few options.”

Paul Watson, FIRST Union Textiles Secretary, said the textile industry was facing difficult times, and Summit’s announcement followed the closure of a Norman Ellison Carpets factory in Onehunga last year with 80 job losses. 

“This must serve as an urgent wakeup call for the government to be more proactive in its support for manufacturing.  Manufacturers have been completely let down and workers have paid the price for this inaction through job losses.”

The announcement comes as hearings got underway this week in a Parliament Inquiry into Manufacturing.  Manufacturing is New Zealand’s third largest employing industry and has lost 40,000 jobs in the last four years.

EPMU & FIRST Union

Must ReadView All

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search