Labour want to nationalise another private business

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Sounds good eh?  Just one problem… a small matter of Hillside not actually being closed, it already employing people, and being run as a very effective private company:  

Hi Cam,

Had some interesting reading this morning regarding Labour’s policy for re-opening and upgrading the Hillside facility in Dunedin (attached).

Key to their policy is that ‘Labour will re-open and upgrade parts of the Hillside workshop as a manufacturing hub for Dunedin.’ Problem is, the Hillside workshop is still open and operating:

http://www.nbr.co.nz/article/kiwirail-fails-find-buyer-hillside-foundry-sold-australias-bradken-bd-132391

bkThe Hillside workshop is currently operated by Bradken, who have leased the premises. They have also purchased the plant and equipment at the Hillside site, and have re-employed former Kiwirail staff, which makes Labour’s promises to re-open the workshop slightly hollow.

Bradken have an initial five year lease term, set to run through to 2017. Having seen the sale & purchase agreement for the foundry equipment, as well as the lease agreement, there is a clause that Kiwirail has no right of early termination unless Bradken defaults on payments.

The large complaint when Hillside was originally closed was the job losses (largely union members). However Bradken are currently employing Dunedin workers for much the same work, on the same site, with the same equipment. Where is the benefit spending $200 million to re-nationalise something that wasn’t profitable?

Once again, Labour are wanting to back the unions over private industry.

Worse, they want to nationalise an Australian owned private company.

You have to admire the Labour Party.  In the mad panic to get any traction whatsoever, they are producing policy so fast, nobody can figure out the details.

One scandal hasn’t even settled before the next one takes its place.


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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.

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