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Job losses attributed to falling housing market

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  • Heg
    Fanatical
    • Jul 2005
    • 1309

    #1

    Job losses attributed to falling housing market

    28 Jobs go at Fisher and Paykel's Mosgiel plant
    NEW 11:49AM Wednesday February 27, 2008
    A slack housing market both here and abroad has resulted in 28 staff losing their jobs at Fisher and Paykel Appliances' Mosgiel manufacturing plant.

    The staff cuts were "across the board" at the Otago plant, which produces cookware and dishwashers, the company said.

    Fisher and Paykel vice-president of public relations Paul Brockett said the main reason for the job losses was housing market downturns in the United States, Australia and New Zealand.

    This had impacted on the company's cooking appliance sales, he said.

    The introduction of more efficient manufacturing processes (already in use at the company's Italian and US factories) had also reduced the number of manufacturing staff required.

    "The company reached a trigger point where it was uneconomical to keep staff on... we have had to realign the staff numbers to reflect these ongoing efficiency gains," he told the Otago Daily Times.

    Dunedin Chamber of Commerce chief executive John Christie said he was not surprised to hear about the job losses, which were announced on Friday.


    "The high dollar and increasing manufacturing costs are making it difficult for larger companies.

    "We hope it's a temporary fluctuation."

    Dunedin's "reasonably good" labour market meant workers had a fair chance of finding work, he said.
    So the knock on effect has begun already.
    Jo Birch
    Looking for someone to manage your next project or event? Then call now!
    +61 450 148 678
  • Jester
    Freshie
    • Aug 2007
    • 59

    #2
    I was told today about a building industry company making 28 of its 60 staff redundant. Im sure that Ill hear of more over the next while as well. Word is those that cater for the development business are suffering as the work has severly dried up at the moment.

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