Home / Knowledge / News / Textiles / Textile sector under pressure from high NZ dollar

Textile sector under pressure from high NZ dollar

12
Jul '12
Manufacturing workers are facing uncertain times in a sector largely unsupported by government policy, FIRST Union said today.

Business NZ/BNZ Performance of Manufacturing index reported a flat month in manufacturing activity in June, and down on May’s figures.

The sector faced significant pressures, in particular the high New Zealand dollar, said Robert Reid, General Secretary of FIRST Union, which represents workers in textiles and wood processing.

“While manufacturing of goods from some of our primary industries, particularly dairy, remains strong, exporters of non commodity manufactured goods are continuing to face difficult times,” Robert Reid said.

“For manufacturing workers, this uncertainty has taken the toll with several major redundancy announcements recently.”

“Our union has dealt with redundancies at two major textiles firms, Norman Ellison Carpets in Auckland and Summit Wool Spinners, Oamaru, and at Goodman Fielder Frankton Meats in Hamilton.  And we learnt in this past week that EPMU members at Flotech in Manukau are to lose their jobs also.”

“Each closure or redundancy situation represents further examples of the government’s do-nothing approach to monetary policy failing to protect jobs in industry.”

“Our high currency is punishing exporters. The government’s unwillingness to aggressively tackle the fundamentals of our monetary policy settings is costing jobs.”

“It is time the government realises that there has to be a better plan and support for the manufacturing sector,” Robert Reid said.

FIRST Union


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 2nd Aug 2021

Vietnam surpasses Bangladesh as 2nd biggest garment exporter: WTO

Bangladesh recently lost its rank as the second largest apparel...

Pic: Shutterstock

Textiles | On 2nd Aug 2021

Euro zone economy expands by 2% in Q2 2021: Eurostat

The 19-member euro zone financial system expanded by 2 per cent in...

Pic: Shutterstock

Textiles | On 2nd Aug 2021

US real GDP increases at annual rate of 6.5% in Q2 2021: BEA

US real gross domestic product (GDP) increased at an annual rate of...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Shambhu Nath Jha,

Shambhu Nath Jha

Leading research and consulting firm Fact.MR recently launched a report on ...

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees 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

Leave your Comments


July 2021

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


Advanced Search