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News about the Economy & Employment


Fonterra must pay contractors on time


Fonterra’s decision to extend its payment period for contractors is a blow to small businesses already struggling due to the plunging payout’s effect on farmers and rural communities, says Labour’s Small Business spokesperson Jacinda Ardern.

 

“It’s a tough time for small business contractors, especially those working in the rural sector. Cashflow is king for these companies so it is extremely disappointing for Fonterra to push out payment times.

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MBIE payroll debacle shows Joyce’s terrible management


The MBIE payroll debacle that could run into the millions of dollars shows how badly Steven Joyce has managed the creation of his empire, coming on top of spending scandals and strikes, says Labour’s Economic Development spokesman David Clark.

“It is a fundamental part of any organisation to be able to pay its staff properly. That the Ministry of Business cannot pay employees effectively is deeply embarrassing. This goes straight to Mr Joyce as the minister responsible.

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Workers need more family time, not less


Supporters of National’s Easter Trading Bill are pushing for more gambling, more booze and less time with family says Labour’s Workplace Relations spokesperson Iain Lees-Galloway.

“Not satisfied with stealing family time from workers on Easter Sunday, hospitality and retail sector lobbyists today told a Parliamentary select committee they want more access to pokies and more booze to be sold on that day as well.

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Out of touch Minister blasé over missed KiwiSaver payments


Over 46,000 New Zealanders have missed out on employer contributions to their KiwiSaver accounts, but the Revenue Minister refuses to chase up the millions of dollars which is outstanding, says Labour’s Finance spokesperson Grant Robertson.

“KiwiSaver has been an extremely popular legacy of the last Labour Government, despite the Government gradually eroding it. Hard-working New Zealanders put their money in and expect it to be matched by their employer.

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NZ’s $60b debt big concern for possible recession


New warnings of a global recession places the spotlight on New Zealand’s $67b net debt, leaving the economy in a much worse state than before the 2008 downturn when net debt was zero, says Labour’s Finance spokesperson Grant Robertson.

“Despite claiming the figleaf of fiscal responsibility the latest government accounts show that National has racked up over $67b in net debt. With Citigroup warning of a global recession that level of debt will be an albatross around the neck of the government if the downturn occurs.

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Labour to support next step of workplace law


Labour will support the next stage of National’s proposed workplace law reforms in good faith following negotiations with the Government, Labour’s Workplace Relations spokesperson Iain Lees-Galloway says.

“Workplace Relations Minister Michael Woodhouse initiated these talks with Labour after we raised concerns about the Employment Standards Legislation Bill.

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Education key priority for Pasifika in Future of Work


Education, re-training and entrepreneurship must be key priorities if Pacific Islanders are to be winners in the changing nature of work Labour’s latest Future of Work paper has found.

“The Pasifika and Future of Work paper released today shows Pacific people have real opportunities but also challenges in the coming years as the nature of work changes,” says Grant Robertson, Chair of Labour’s Future of Work Commission.

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Meddling Joyce shouldn’t cut funding to NZVIF


Steven Joyce should keep his hands off the successful New Zealand Venture Investment Fund, given his meddling history usually turns wine into water, says Economic Development spokesperson David Clark.

 

“The NZVIF has been extremely successful since Labour established it in 2002 to help businesses grow. It has supported a number of lower-profile businesses as well as better-known companies, such as Xero, Orion Health and Moa.

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$200k spent on app downloaded just 1000 times


Steven Joyce’s culture of extravagance has been exposed again with $200,000 spent on an app that that has been downloaded just 1000 times and had to be given positive reviews by staff members, says Economic Development spokesperson David Clark.

“New Zealand Regions was an app launched to promote the Regional Economic Activity Report. It was likely never intended to be used much, just to look good at Steven Joyce’s launch party.

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