F&P ditches 350 jobs

Fisher & Paykel has announced the closure of it Laundry division in Auckland at a cost of 350 jobs.

They are moving the whole thing lock, stock and barrell (except of course for the over-paid workforce) to Thailand which will return the company between $10 million and $15 million per annum for a one off cost of approx. $25 million. Sound like a good Cost benefit ratio.

That will be why shares rose 19c or 5% on the news.

The unions of course are wailing, but then we did tell them so. 

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.