INDEPENDENT NEWS

Primary sector should stay in NZ hands

Published: Thu 18 May 2017 12:14 PM
18 May 2017
Silver Fern Farms closure reinforces why primary sector should stay in NZ hands
Laws allowing overseas ownership of key New Zealand companies such as Silver Fern Farms need to be tightened to protect our economy and all New Zealanders, the Green Party said today.
The comments come on the back of news that Silver Fern Farms, part-owned by Shanghai Maling, is to close a meatworks in Ashburton, costing 370 jobs.
“Laying off nearly 400 people is a disaster for Ashburton. Shanghai Maling’s part-ownership of Silver Fern Farms was meant to bring substantial benefits to our country, but axing jobs is the opposite,” said Ms Sage.
“The Overseas Investment Office agreed to the sale on the basis that it met the legal tests and it would be good for New Zealand, which this news clearly shows it’s not.
“It’s difficult to see how much consideration offshore shareholders would give to the welfare of a workers in a New Zealand town like Ashburton when making decisions about their business. Keeping our primary sector businesses in New Zealand hands helps ensure local communities are respected and considered.
“Decisions about the future of work and the primary industry sector in New Zealand should be made by New Zealanders, not international companies.
“We need to protect the things that generate income for New Zealanders, like our productive base. And we need revenue generated to circulate locally rather than having profits and dividends leak offshore,” said Ms Sage.

Next in New Zealand politics

Prison inspection reports first for Inspectorate Office
By: Department Of Corrections
Government to review law on protection for whistle blowers
By: New Zealand Government
PM Launches 100% Electric Car Share Offering
By: Yoogo
Pay equity for mental health and addiction workers
By: New Zealand Government
America’s Cup Village proposal offers win-win-win
By: New Zealand Government
Poorest Left Behind in Economic Boom
By: Salvation Army
Bill to make cartel conduct a criminal offence
By: New Zealand Government
ComCom pushing for market studies powers despite opposition
By: BusinessDesk
English to leave parliament on Feb. 27
By: BusinessDesk
Bill English announces retirement from Parliament
By: New Zealand National Party
National Party thanks Bill English for his contribution
By: New Zealand National Party
Amy Adams to contest National Party leadership
By: New Zealand National Party
Jacinda Ardern: Statement on Bill English
By: New Zealand Government
ACT Leader Extends Best Wishes to English
By: ACT New Zealand
Green Party acknowledges Rt Hon Bill English
By: Green Party
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media