INDEPENDENT NEWS

Is Silver Fern Farms to Close Fairton?

Published: Fri 12 May 2017 12:53 PM
Rt Hon Winston Peters
New Zealand First Leader
Member of Parliament for Northland
12 MAY 2017
Eight Months After Denials is Silver Fern Farms to Close Fairton?
Following accusations of closure and just eight months after Rob Hewett, the chairman of Chinese-controlled Silver Fern Farmssaid there was no plan for close of any of its plants, Ashburton’s Fairton plant looks likely to be the first to be axed with a staff meeting called for Wednesday.
“Last September and just before the Overseas Investment Office (OIO) green-lighted this Chinese takeover of New Zealand’s largest meat exporter, Silver Fern Farms had already earmarked Fairton to close,” says New Zealand First Leader and Northland Member of Parliament Rt Hon Winston Peters.
“Less than a year ago the Chinese buyers of Silver Fern Farms were briefing their shareholders about Fairton and Waitane’s closure. Where did the Chinese buyers of Silver Fern Farms get that information? No less than Silver Fern Farms itself.
“Eleven months on and a staff meeting has been called at Fairton. Optimists might say this is about expansion but realists will see this for what it is; either major retrenchment or outright closure.
“The problem for Silver Fern Farms is that you cannot trust what they say.
“Last June, the company’s CEO Dean Hamilton said: ‘All of our 19 plants have been operational this year, other than the announced decision to relocate venison processing from Islington to Pareora due to our lease expiry, there has been no decision taken by the company to do anything differently next year at any plant.’
“However, in October 2016 and just one month after getting OIA clearance, Silver Fern Farms closed the plants in Mossburn, Southland and at Wairoa in Hawke’s Bay.
“Silver Fern Farms Fairton has been subject to death by a thousand cuts. Last June its bobby calf operations were transferred to SFF’s Pareora plant near Timaru. Then last November, Fairton’s No 2 chain was shut as Pareora’s expanded.
“They should not be allowing workers and Mid-Canterbury to go through such long drawn out agony,” says Mr Peters.
ENDS

Next in New Zealand politics

On Thompson+ Clark, and Russia’s FIFA World Cup
By: Gordon Campbell
Gordon Campbell on the GCSB’s security hang-up with Russia
By: Gordon Campbell
Prime Minister to attend CHOGM
By: New Zealand Government
No new permits for offshore exploration
By: New Zealand Government
Summit identifies actions to improve road safety
By: New Zealand Government
New Zealand scores highly in OECD tax transparency review
By: New Zealand Inland Revenue
Farmers give thumbs down to new taxes
By: Federated Farmers
Tax Working Group welcomes submissions on future of tax
By: Tax Working Group
Tax Working Group open minded on how to future proof tax
By: Tax Working Group
Tax Working Group members announced
By: New Zealand Government
Tax Working Group Terms of Reference announced
By: New Zealand Government
Tax Working Group underwhelming
By: New Zealand National Party
IRD says anti-BEPS bill may stoke sales booked in NZ
By: BusinessDesk
IRD auditing 16 multinational over $100 mln of tax avoidance
By: BusinessDesk
Real estate investors to lose tax loophole
By: BusinessDesk
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media