INDEPENDENT NEWS

Exchange Rate and Labour Market Changes?

Published: Mon 8 Aug 2011 09:31 AM
Exchange Rate and Labour Market Changes? Government should come clean
The CTU has reacted to comments made by the Prime Minister this morning that the Government is looking at labour market 'reform' as an option to address the high exchange rate.
Peter Conway, CTU Secretary, said that it appears the Government is positioning to launch further attacks on work rights which will reduce the ability to bargain for better wages.
"We have been increasingly concerned that the Government has abandoned any attempt to build a 'high wage, high skill, high value economy' and instead is advocating for a 'competitive' economy based in part on weakened rights for workers."
Peter Conway said the Government should come clean on these changes rather than hint at them in response to further volatility in the exchange rate.
"Alternative measures from the Reserve Bank to directly control use of credit, restrictions on bank reliance on overseas funds, and moves to a pegged exchange rate against a basket of currencies are the sorts of measures the Government should be exploring, not further attacks on work rights."
ENDS
Council of Trade Unions
Te Kauae Kaimahi
The New Zealand Council of Trade Unions Te Kauae Kaimahi brings together over 350,000 New Zealand union members in 40 affiliated unions. We are the united voice for working people and their families in New Zealand.
Contact NZCTU
Website:
Twitter:
YouTube:
Phone:
Facebook:
Physical Address:
Level 7, West Block, Education House, 178 Willis St, Wellington.
Media Contact:
huiaw@nzctu.org.nz
Postal Address:
PO Box 6645, Marion Square, Wellington 6141.

Next in New Zealand politics

Quarantine-free travel with Australia to remain suspended
By: New Zealand Government
School holidays remain unchanged for Auckland region
By: New Zealand Government
Timeline confirmed for Emissions Reductions Plan
By: New Zealand Government
Power bill changes bring fairness to charges
By: New Zealand Government
Govt parks the expiry of licenses, WoFs and regos
By: New Zealand Government
Highest jump in weekly benefit numbers since first lockdown
By: Child Poverty Action Group
Principals Applaud School Holiday Decision
By: New Zealand Principals Federation
Hurry up and wait! There’s a "climate emergency"
By: ACT New Zealand
Emissions Plan Delay Sensible
By: Business NZ
View as: DESKTOP | MOBILE © Scoop Media