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Recession job losses
Treasury has released its December Economic and Fiscal Update (DEFU), which includes a lower growth forecast and a sharp increase in the forecasts for both unemployment and the government's budget deficit.
Based on a suggestion from one of our readers and commenters, Andy Hamiltion, we are keeping a tally of reported job losses, as an early-warning guide to the actual scale of them in 2009 and beyond.
It is Treasury's forecast that the unemployment rate will jump to 6.5% in 2010. "The unemployment rate is expected to increase to 6.5% mid-way through the 2010 calendar year, with the seasonally adjusted number of people unemployed expected to peak at 146,000 in June 2010, up 69,000 from December 2007 when unemployment was at a recent low." they said in that Report.
As Andy Hamilton pointed out, we don't get to see the official unemployment data until six weeks or so after the end of each calendar quarter. And that is a long time to wait.
Our tally may give an early indication of how tough it is actually getting.
We are asking readers to help keep this initiative up-to-date by adding notes and comments below. We will enter them in the tally, here >>>.
And, of course, we will be graphing the results weekly.
159 Comments
Well that awful fire in
Well that awful fire in Auckland has apparently claimed up to 100 jobs according to Radio NZ, although I would imagine some would be re-instated after insurance etc (or perhaps they are working on the basis businesses wont start again because of the recession)
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10549310
You forgot the Carter Holt
You forgot the Carter Holt Harvey mill in Putaruru
japan burns http://www.ft.com/cms/s/0/2a1ae2f6-cfc9-11dd-abf9-00
japan burns
http://www.ft.com/cms/s/0/2a1ae2f6-cfc9-11dd-abf9-000077b07658.html
I think we are probably
I think we are probably getting close to 5% already. I'm in architecture and engineering and a lot of firms have already laid off a lot of staff. Also know a couple of friends who have recently lost jobs in the financial sector. Things won't be pretty in retail, food or tourism either.
You might like to make
You might like to make sure that the information is correct. e.g. Wizard. Hasn't closed but will in time. Mushroom factory hasn't closed but MAY if forced to.
Unfortunately people are becoming unemployed and had you been watching that started way back in January this year. Before Xmas couldn't hire staff, after Jan, no trouble.
Lots of women having babies and therefore leaving the permanent workforce and lots left for Aussie so some equaling out along the way.
Not to underestimate the situation though as it is happening.
Good example of what I
Good example of what I mean.
Close to a hundred jobs could be lost as a result of the big blaze at Auckland's old Southdown Freezing Works.
Now that could be right but, the place will be demolished creating jobs, and will be rebuilt as something else, creating jobs. Some of the businesses (who were properly insured ) will continue in another location.
Be careful what you wish for!
NZ will have more shocks
NZ will have more shocks because we do not have a knowledge driven economy. Post-graduate qualifications are often a disadvantage in the job market. Low level polytechnic qualifications are viewed enough. Skill-pay parity is somewhat skewed towards low level qualifications in NZ. US auto-industry failed because it costs $75 per hour for a worker, not matching the basic skill level needed for an assembly work. The lack of skill-pay parity will kill the US auto-industry for good.
Too many social workers in NZ when compared to engineering or science graduates. This imbalance cannot continue for long. The government created lots of unproductive jobs when the economy grew due to the housing boom driven by the huge overseas debts. There is lot of scope to discipline our social sector spending, which includes the hospital & other bureaucracy.
Reading, listening and experiencing daily
Reading, listening and experiencing daily national & worldwide events I wouldn't be surprised to see an unemployment rate of over 10% by October 2009 and the NZ economy coming to a practical still- stand for a time.
Interesting comments from Sir John
Interesting comments from Sir John Gieve Deputy Governor of the BOE in Robert Preston's blog
http://www.bbc.co.uk/blogs/thereporters/robertpeston/
in particular...
"I think that one of the main lessons from this is that we need to develop some new instruments which sit somewhere between interest rates, which affect the whole economy and activity, and individual supervision and regulation of individual banks.
Maybe we need to develop something which bridges that gap and directly addresses the financial cycle and prevents the financial cycle and the credit cycle getting out of hand... I think we need to complement interest rates, which are a blunt instrument - you set one interest rate for the whole economy - with something which is more financial-sector specific."
Shades of Winston Peters. But
Shades of Winston Peters. But indeed he is right, however anytime a banker or a financier says "we need to develop something new" mostly that means another way to lose other peoples money.
A Fundamental change in money
A Fundamental change in money matters - adding value and morality.
This one caught my eye
This one caught my eye - teachers losing their jobs because of the credit crunch? Apparently so:
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10549879
Hill Top is a small
Hill Top is a small private primary school to yr8 $10,000 /yr
80 to 90 students and 9 teachers.
A number of years ago
A number of years ago under the Official Info Act, I asked the Labour Government of the time just how many hours of paid employment you must have worked in a week to be deemed employed for government stats. Steve Mahary replied 30 hours a week.
I then replied if it was not as per the NZ Stats website stating that since the banker imposed liquidation and imposed social and economic policy of 1984 when the sellouts led by Douglas sold us down the river for their own personal fortunes, that since 1984 you have only had to have worked 1 hour of paid employment in a week to be deemed employed. I recieved a reply from the permanent backstop, Michael Cullen, stating that I was correct, it was one hour as determined and allowed by the International Labour Organisation. It is estimated the a fairer measure of employment is the measure of those that are underemployed, those with one or more job that can still not gain a level of financial equal opportunity, that measure would see the number of underemployed well exceed the bogus stats re employment that we are being sold today. Douglas repeatedly claims that his reforms lost 70,000 old jobs but created many more new ones, the con is that the old jobs were mainly permanent with the threshold of 30+ hours a week, replaced by mainly partime or casual jobs with a threshold of 1 hour per week.
Iain you raise an important
Iain you raise an important piont...the question has been in the back of my mind since this thread was published, but havnt had a chance to investigate..
I remember a quite few yrs ago, the Gov re vamped how the unemployment figures where arrived at...and quite a controversy at the true accuracy of those figures
I think it had to do with the hrs as you mention, dropping from 40 to 30, and the introduction of of working for income subsidies
Add to that youth under 23(??) are not listed if living with parents and supported without assistance.??
And a few other issues like this...
As side note:
A couple one semi retired, the other gives up a career to study full time for a degree.
The partner studying can get Student load, but no accommodation benefit
THEN one of the children (19) looses their job, gets a part time job 10 to 20 hrs a week min wage, cant get WFI, moves home.
Then that leaves the Semi retired partner having to support the home(mortgages etc) their partner AND the child under 23 with no assistance or can claim for any.
If one adds all income into the household,
...yet none are considered unemployed or below min income.
We know of many in this or similar situations..including post graduate students can get jobs...even at Mac Donalds now.
There is something certainly wrong with how the unemployment figures are calculated, and do not give true indications
Hence predictions under the current formula would be correct at 6/7% but a true figure would be in the 10 maybe even 12%+ range.
It maybe worth interest.co.nz to look into this, and if possible publish parrell stats..."oficial" and "true" ???
For the tally - 9
For the tally - 9 teachers made redundant from a private school in Auckland;
http://www.stuff.co.nz/4804784a7694.html
This could be an interesting trend in education as rolls may fall quite quickly as the crunch kicks in.
So parents are opting to
So parents are opting to home school there kids? Get real - most schools have staff to student ratios of 1:30 and climbing. Teaching is one profession that will not see mass redunancies.
Well done Craig, you managed
Well done Craig, you managed two sentences, of almost constructive blog. Home school, no, public school, yes! Hence the climbing ratios. Private schools are great, but giving your kids three years of quality education before you go broke can have some hinderance on the rest of thier education. During the eighties it was very proper for the rich white land owners to send their children to single sex boarding schools for a "proper" education, private, best of Brittish chum. It cost the cockies a fortune and once the children had completed thier education the farm was sold to pay the laons amassed on the back of low produt prices and high school fees.
http://www.stuff.co.nz/4812701a13.html
http://www.stuff.co.nz/4812701a13.html
37 gone at Ferrit: http://www.nzherald.co.nz/nz/news/article.cfm
37 gone at Ferrit:
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10551607
There were also the 100 at Fielding (see above post)
30 jobs go at kitchen
30 jobs go at kitchen maker:
http://www.nbr.co.nz/article/kitchen-firm-goes-liquidation-jobs-lost-39535
Don't worry folks, it's all
Don't worry folks, it's all sweet. We have capable government, which was working hard over last 5 weeks to deliver brighter future.
Steve L.......as one of those
Steve L.......as one of those sons of a "White Rich land owner" who attended a "single sex boarding school" I am happy to report that because of the excellent connections that were cultivated while there I am still employed. Sorry if you feel that you were in someway been excluded from the club but you obviously werent bright enough to have been offered a scholarship.
ooooooooooh Nick, hit abit of
ooooooooooh Nick, hit abit of a nerve did we? Was ment to be abit of humour, but always good to get a bite. Glad to hear you are still employed, but a little dissapointed that that this is from "the excellent connections from the club" rather than the excellent education provided!
Yep mate me thicko...............
Waikato Uni to sack 'up
Waikato Uni to sack 'up to 100' :
http://www.stuff.co.nz/waikatotimes/4820616a6004.html
Also doesnt seem a good look for the rest of the staff at this buggy company:
http://www.stuff.co.nz/4820014a13.html
http://www.mountainbuggy.com/ is their website, which
http://www.mountainbuggy.com/ is their website, which looks very flash and I bet it was expensive to make. It is really sad to see what was billed as a successful company on TVNZs business program, fail like this. These companies simply fail to adapt to the changing environment, which is the managements fault. They should be constantly
Correction from 23rd Dec. 08
Correction from 23rd Dec. 08 12:09am
Reading, listening and experiencing daily national & worldwide events I wouldn't be surprised to see an unemployment rate of over 20% by October 2009 and the NZ economy coming to a practical still- stand for a time.
Tourism finding it hard, coach
Tourism finding it hard, coach jobs gone:
http://www.stuff.co.nz/southlandtimes/4822659a6011.html
70 jobs go in Whangarei
70 jobs go in Whangarei (40 Warehouse/30 Pat Gavin):
http://www.stuff.co.nz/northland/4823253a6015.html
Also forestry jobs (number not yet announced) in Nelson:
http://www.stuff.co.nz/nelsonmail/4824465a6007.html
Update on Nelson forestry -
Update on Nelson forestry - about 30
http://www.stuff.co.nz/nelsonmail/4826661a6007.html
http://www.nbr.co.nz/article/recruitment-firm-agility-goes-recei
http://www.nbr.co.nz/article/recruitment-firm-agility-goes-receivership-...
Steve L - I think
Steve L - I think the point is that teachers who lose their jobs at private schools will be able to get jobs in public schools.
http://www.stuff.co.nz/4833076a13.html
http://www.stuff.co.nz/4833076a13.html
All affected by Agility Group
All affected by Agility Group sunset, please post your comments on the group forum launched by one of the receivership victims. http://groups.google.co.nz/group/agility-in-receivership/topics
100 to go at Stevensons:
100 to go at Stevensons:
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10554253
Telecom making warning noises:
http://www.stuff.co.nz/4833222a13.html
Blimey its a bad day
Blimey its a bad day - ANZ National have cut another 100 jobs this week according to the banking union Finsec:
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=1055...
http://www.nbr.co.nz/article/telecom-offshores-250-more-jobs-man
http://www.nbr.co.nz/article/telecom-offshores-250-more-jobs-manila-40516
GE money cuts more jobs:
GE money cuts more jobs:
http://www.nbr.co.nz/article/more-jobs-go-ge-merges-money-divisions-42029
High profile David Reid Wellington
High profile David Reid Wellington franchise goes down:
http://www.stuff.co.nz/4842551a13.html
A particularly bad day on
A particularly bad day on the jobs front:
Recession sinks luxury boat firm (40 jobs to go it seems):
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=1055...
Kitchen firm in liquidation (60 plus jobs under the hammer):
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=1055...
1 in 5 used car shops go (goodness knows how many jobs):
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=1055...
Manufacturer closes, 97 jobs to go:
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10558536
Iconic fashion shops closing (10-15 jobs to go):
http://www.nbr.co.nz/article/gutted-keith-matheson-closes-doors-61270
Vodaphone NZ make 30 staff
Vodaphone NZ make 30 staff redundant:
http://www.nbr.co.nz/opinion/hazel-phillips/vodafone-makes-30-staff-redu...
Souldn't we also keep a
Souldn't we also keep a tally of new jobs and situations vacant? Otherwise we're only looking at half the equation. Many people that lose their job find another one, so job losses don't directly translate to unemployment. Or are we trying to talk ourselves into a depression?
Here's some for starters:
Green light for supermarket - at last (250 new jobs)
http://www.stuff.co.nz/4859996a13.html
Jetstar expansion to create 250 jobs (250 new jobs)
http://www.stuff.co.nz/4824802a13.html
Cookie Time signs amazing star for US launch (27 new jobs)
$1 million deal could grow to $25m
http://www.stuff.co.nz/4860252a13.html
NZ's largest offshore marine farm approved (potential 500 new jobs)
http://www.scoop.co.nz/stories/PA0810/S00422.htm
Progressive to spend $200m a year in big supermarket investment (1500 + new jobs over 5 years)
http://www.nzherald.co.nz/progressive-enterprises/news/article.cfm?o_id=...
Billion-dollar Maari pumps its first oil (more jobs)
Government expects taxes and royalties of about $1.5b
http://www.stuff.co.nz/4860138a13.html
Kupe gas field next to flow ($66 million revenue) (more jobs)
http://www.stuff.co.nz/4860139a13.html
$80m Aotea Square revamp under way (more jobs)
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=1055...
New mill, more jobs (up to 300 new jobs)
http://www.gisborneherald.co.nz/Default.aspx?s=3&s1=2&id=f523aa5bf7d84ee...
New pig farm to create 30 jobs
http://www.fishnz.co.nz/waikatotimes/4836671a6415.html
30 job cuts this week
30 job cuts this week in Nelson (various employers)
http://www.stuff.co.nz/nelsonmail/4862582a6007.html
This week really seems to
This week really seems to have been something of a watershed in terms of job cut announcements. They are literally popping up everywhere. Perhaps its the press paying the issue more attention, more likely its the lag from the global economy hitting the wall late last year.
FMG lets 12 go
http://www.stuff.co.nz/manawatustandard/4863690a6003.html
Canterbury Castings make 10 redundant, Bellwood Motorhomes lays off unknown number
http://www.stuff.co.nz/timaruherald/4861636a6010.html
29 at GWF http://www.stuff.co.nz/4865726a13.html Transfield
29 at GWF
http://www.stuff.co.nz/4865726a13.html
Transfield (up to 40)
http://www.stuff.co.nz/waikatotimes/4866604a6004.html
Gunns veneer "“ 20 jobs
http://www.stuff.co.nz/the-press/1995263/Jobs-go-as-Christchurch-veneer-...
http://www.stuff.co.nz/timaru-herald/news/1998959/Staff-cuts-fou
http://www.stuff.co.nz/timaru-herald/news/1998959/Staff-cuts-four-day-we...
http://www.stuff.co.nz/southland-times/news/2034155/Clifton-wool
http://www.stuff.co.nz/southland-times/news/2034155/Clifton-wool-scour-l...
http://www.stuff.co.nz/national/2215428/Job-losses-expected-at-T
http://www.stuff.co.nz/national/2215428/Job-losses-expected-at-Tapanui-mill
http://www.stuff.co.nz/timaru-herald/news/2250212/Iconic-pottery
http://www.stuff.co.nz/timaru-herald/news/2250212/Iconic-pottery-shop-cl...
In addition from todays Nelson Mail (Fairfax release), headline 'More job losses in the south'
- CChurch manufacturer General Cable is proposing to make another 35 people - 28 in the factory and seven salaried staff - redundant after cutting 40 positions late last year.
General Cable Oceania managing director Chris Birkett said conditions had worsened further over the past few weeks forcing the company to cut costs again -
Your telling me things have worsened in the past few weeks!!!
10 jobs go as former
10 jobs go as former all Blacks venture goes into liquidation
http://www.nbr.co.nz/article/all-blacks-business-venture-kicked-touch-re...
Mintshot shuts down http://www.stuff.co.nz/technology/2263563/Fr
Mintshot shuts down
http://www.stuff.co.nz/technology/2263563/Fresh-start-for-Mintshot
andy - A good run
andy - A good run of posts (not good for the people involved). Many people tell me things are not that bad here, but I know of 10 or so people who have lost reasonably senior jobs and of small businesses that were doing great, but are now collapsing. This time last year, only one person I knew was looking for work.
An interesting sideline - several public primary schools in the Grammar zone in Auckland have closed their out of zone intake - even to siblings of students already attending the school. The schools involved have seen a dramatic increase in enrollments as people abandon the private schools.
sj - the change in
sj - the change in the last 2 months has been staggering and is not recieving the attention it deserves - thats why I think the interest.co.nz list is so useful, particularly since our unemployment figures are only updated every 3 months. we should get more timely data than that!
TVNZ has just announced its letting 90 go.
http://www.stuff.co.nz/business/industries/telecoms-it-media/2266840/TVN...
Also its not just low end jobs going - these TV jobs and the ones described above, such as at the Mint website (see yesteradys post), are not poorly paid manufacturing jobs, its professionals getting whacked.
Small businesses are also taking
Small businesses are also taking a whack "“ most of these cuts are below the radar, but here is one down South which has gone with the loss of 5 jobs
http://www.stuff.co.nz/southland-times/business/2266521/City-business-to...
yep the s$%t is hitting
yep the s$%t is hitting the fan - our firm (architects and engineers) laid off 5 staff last week, and we are going to 9 day fortnights.
Likely to be 4 day weeks in a couple of months plus more redundancies
Oh but there are plenty of job opportunities for young British professional immigrants according to the pro-realestate lobby! so our shores will be flooded soon and house prices will surge!!!!
"the change in the last
"the change in the last 2 months has been staggering and is not recieving the attention it deserves - thats why I think the interest.co.nz list is so useful, particularly since our unemployment figures are only updated every 3 months. we should get more timely data than that!"
Bernard - time for you to investigate this and take it to the nation!
Stabicraft Marine layoff 13 http://www.nzherald.co.nz/business/n
Stabicraft Marine layoff 13
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=1056...
Tiwai smelter lets 25 go:
http://www.stuff.co.nz/southland-times/news/2275094/25-jobs-to-go-at-Tiw...
Job losses in Marlborough http://www.stuff.co.nz/marlborough-exp
Job losses in Marlborough
http://www.stuff.co.nz/marlborough-express/news/2276817/Bottling-factory...
Dead cat bounce cant save Palmerstone North real estate agency
http://www.stuff.co.nz/manawatu-standard/news/2276151/Jobs-go-as-city-re...
22 more public sector jobs
22 more public sector jobs go
http://www.stuff.co.nz/national/politics/2278369/SSC-faces-45pc-budget-cut
8 go from joinery firm
8 go from joinery firm
http://www.stuff.co.nz/timaru-herald/news/2281265/Construction-firm-lays...
Omaha forestry company Exotic Contracting
Omaha forestry company Exotic Contracting in liquidation - 11 jobs go
http://www.stuff.co.nz/auckland/local-news/rodney-times/2268808/Tackling...
''Omaha-based forestry harvesting operation Exotic Contracting is in liquidation with the loss of 11 jobs. PriceWaterhouseCoopers confirms the firm was put in liquidation last week as it was unable to be sold as a going concern''.
Forestry is suffering right around the country.
80 jobs in peril http://www.nzherald.co.nz/business/news/article
80 jobs in peril
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=1056...
A raft of redundancy announcements
A raft of redundancy announcements in the Waikato:
50 jobs to go at the Rotowaro mine
12 jobs to go at Stevensons Mining
10 jobs go at Modern Transport Engineers
15 jobs to go from Five Star Distribution in Te Rapa as it closes its Te Rapa and Auckland operations
8 jobs go from Te Rapa firm Ideal Buildings.
6 jobs go at Kings Cars, Hamilton
125 workers in the Waikato alone lost in the freight industry in the past 2 months (Karl Andersen, of the National Distribution Union)
All reported here:
http://www.stuff.co.nz/waikato-times/news/2290125/Miners-join-jobless
More public sector job cuts
More public sector job cuts coming:
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10563777
From the article (on job cuts already made/announced):
---Ms Pilott said the PSA's estimate of 753 job losses included 22 at the State Services Commission , 86 at the Ministry for the Environment, 76 at the Tertiary Education Commission, 50 at the NZ Transport Agency, 19 at the Qualifications Authority and 500 to be cut at the Ministry for Social Development over two years----.
Fibreglass Developments goes to 4
Fibreglass Developments goes to 4 day week, makes 5 redundant:
http://www.stuff.co.nz/manawatu-standard/news/2300998/Firm-calls-for-fai...
Given the collapse in manufacturing exporters in nations such as Germany, Japan and Korea one wonders how bad the damage to our manufactures will be?
NZ post to cut jobs
NZ post to cut jobs
http://www.stuff.co.nz/business/industries/2309309/Lay-offs-at-NZ-Post
50 jobs go at airport
http://www.stuff.co.nz/waikato-times/business/2310693/50-airport-staff-w...
Employers pessimistic:
http://www.nbr.co.nz/article/employer-hiring-expectations-tumble-99583
ANZ cut 30 Wellington jobs
ANZ cut 30 Wellington jobs
http://www.stuff.co.nz/technology/2331127/ANZ-to-outsource-MyTell
Snow Park cuts 60% jobs
http://www.stuff.co.nz/business/industries/2331979/Ski-area-to-cut-60pc-...
It appears some significant Auckland
It appears some significant Auckland job cuts are shortly to be announced:
http://www.stuff.co.nz/business/personal-finance/2339881/Auckland-jobs-o...
This will bring a wry
This will bring a wry smile to some folks faces - several hundred inland revenue jobs to face axe in next wave of government cuts:
http://www.stuff.co.nz/national/politics/2348559/Tax-jobs-next-to-face-axe
One has to wonder about
One has to wonder about the wisdom of slashing business grants and not as yet dealing with what must be an increasing overhead fraction and streamlining the associated gov. departments:
http://www.stuff.co.nz/national/politics/2348550/Business-grants-hacked-...
It must surely only be a matter of time before MED, NZTE, FRST have to face the razors too.
I wonder how much excess capacity there is in those departments?
Confirmation of IRD job cuts
Confirmation of IRD job cuts - 250 jobs to go:
http://www.stuff.co.nz/national/politics/2355388/Job-losses-at-IRD
Its sad for those involved
Its sad for those involved but unfortunately there is a heck of a lot of fat in Government that needs to be trimmed.
National are going to find it politically difficult to slash government jobs when they said before elected they were not going to slash and burn, only "limit the growth" of bureaucracy
I guess they could always say the economic situaiton has deteriorated and this necessitates a change of approach
And 90 out of 300
And 90 out of 300 to go at Ministry for the Environment = that's 30% of all staff.
Kate - thanks for the
Kate - thanks for the update
Again sad for those invovled but good for the country overall
The bureaucracy really had become far too bloated and this was simply too much of a drain on the taxpayer
all these governmental job cuts
all these governmental job cuts must surely eventually have an impact on the Wellington property market, which has been buoyed by the huge growth in bureaucracy under the last government
Many of these bureaucrats who get slashed will find it very hard to get other employment
edit
edit
andy hamilton Says: April 21st,
andy hamilton Says:
April 21st, 2009 at 8:32 am
This will bring a wry smile to some folks faces - several hundred inland revenue jobs to face axe in next wave of government cuts:
It does Andy, it does....
Well the words of the month appears to be "skills & productive"..
I dont care what all the experts in the world think but unless you are hard working, honest and have integrity....All the skills you learn are void....
It annoys the shits out of me about all these hair brained counterproductive courses coming out of poly tech and the likes....
Its a total lost generation, with a few that luckly have fallen through the safety net?? and strived.
What skills does a bloody latee maker have when theres no jobs...!!!!!
Instead of building a cycle track send them srub cutting...Get rid of DOC and all there useless (outside DOC) degrees...Bring back the forestry service....
Bit like chairman Mao,,, Send all the intellectuals to the communes and country and learn the basics of humanity...HARD WORK....COMMUNICATION and RESPECT...
The whole moral fabric of society is changed....
To be honest, I think this will be a huge blessing in disguise with mass job losses....Which will not only force people to adapt, But bring back a more community based social structure...ie. Look out and help those less fortunate through sheer bad luck....And not through choice (latee maker).
As Andy rightly says, Unemployment is going to hit all and sundry...Rolling stone gathers no moss...
Latee anyone???
next on the chopping block
next on the chopping block must be Housing NZ...those boys and gals have spent 100s of millions of dollars on the design of grandiose schemes that have never been built, criminal waste indeed
Heck why stop there - EECA, Department of building and housing etc etc
My experience with most of these clowns is they've got their heads in the clouds, they are the worst kind of liberal champagne socialists
Total waste of space
Boyesy - good point, teach some of these clowns hard work and respect
some of the crap I have received from our civil "servants" has been a disgrace
@boyesy - they could be
@boyesy - they could be sent back to school to learn grammar and how to spell.
F+P cut more jobs -
F+P cut more jobs - between 26-29 from NZ it appears:
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=1056...
Lakes Envionmental cuts staff: http://www.stuff.co.nz/southland-
Lakes Envionmental cuts staff:
http://www.stuff.co.nz/southland-times/news/queenstown/2362327/Environme...
Yet more public sector job cuts - Ministry of Justice to lose at least 37 positions:
http://www.stuff.co.nz/national/politics/2362107/Jobs-to-go-in-Justice-M...
It seems National are really getting their teeth into the public sector......
Reefton coal mine to close,
Reefton coal mine to close, 12 jobs to go after transfers:
http://www.nbr.co.nz/article/reefton-coal-mine-close-101713
Lane Walker Rudkin Industries which
Lane Walker Rudkin Industries which employs nearly 500 staff placed in receivership, banker Westpac says.
http://www.stuff.co.nz/business/industries/2370390/Lane-Walker-Rudkin-in...
next? http://www.stuff.co.nz/business/industries/agribusiness/23
next?
http://www.stuff.co.nz/business/industries/agribusiness/2370254/Farming-...
at least not many of these jobs are in NZ
South island bar chain goes
South island bar chain goes into receivership, 300 jobs up in air:
http://www.stuff.co.nz/national/2373755/300-bar-jobs-in-jeopardy
There is a blizzard of company receiverships going through at the moment
67 jobs to go at
67 jobs to go at caravan maker:
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=1056...
Ministry of Fisheries cuts 30
Ministry of Fisheries cuts 30 jobs
http://business.scoop.co.nz/2009/04/30/frontline-services-go-in-fisherie...
22 job losses in Otago
22 job losses in Otago as one firm closes/another cuts back:
http://www.odt.co.nz/the-regions/otago/53187/22-job-losses-firm-closes-p...
More job losses in Hamilton:
More job losses in Hamilton:
''Independent Extrusions Ltd, in Te Rapa, made 23 of its 100 staff redundant on April 17, and the Gallagher Group, in Kahikatea Drive, followed with 20 losses last Friday.""
From: http://www.stuff.co.nz/waikato-times/news/2377920/Jobs-go-in-city-as-ord...
http://www.stuff.co.nz/business/industries/telecoms-it-media/237
http://www.stuff.co.nz/business/industries/telecoms-it-media/2378761/3Me...
Hi Andrew - the pace
Hi Andrew - the pace of company liquidations seems to have soared in the past 2 months - another just announced after 3Media's collapse this afternoon:
- Pauanui lakes resort golf club with apparently 36 jobs to go -
http://www.nbr.co.nz/article/liquidators-now-running-pauanui-lakes-resor...
4000 land agents lose their
4000 land agents lose their jobs in the past year:
http://www.stuff.co.nz/business/2379814/4000-land-agents-lose-jobs
Sunday newspapers http://www.nzherald.co.nz/nz/news/article.cfm?
Sunday newspapers
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10569986
and a lot more to come
http://www.stuff.co.nz/business/2379812/Manufacturing-demand-plunges
Waikato University makes 13 redundant
Waikato University makes 13 redundant - up to 100 jobs may go eventually
http://www.stuff.co.nz/waikato-times/news/2379636/13-Waikato-University-...
Orcon to cut 23 jobs
Orcon to cut 23 jobs
http://www.stuff.co.nz/business/2386138/Orcon-to-cut-23-jobs
13 go at media company
13 go at media company
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=1057...
The recently made redundant civil
The recently made redundant civil servants could find employment at a hardware store or restaurant:
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=1057...
http://www.stuff.co.nz/business/industries/retail/2359134/Golden-arches-...
Although, to improve their employment potential, they may like to take a "˜Customer Service Skills' course at their local PTE, for example:
http://www.futurecol.co.nz/hospy.htm
Placemakers factory closes only 1
Placemakers factory closes only 1 year after opening - 8 jobs go:
http://www.stuff.co.nz/timaru-herald/news/2390505/Plant-jobs-to-go-at-Wa...
First bars close as a consequence of receivership of CEA Trading (20 bar chain) -
5 jobs go:
http://www.stuff.co.nz/business/industries/2392248/Two-Christchurch-bars...
Various media job losses,some disclosed
Various media job losses,some disclosed previously, new losses APN (Herald publisher) of 10:
http://www.stuff.co.nz/business/2399346/Bad-news-for-the-media-industry
Mitre 10 cuts 35: http://www.nzherald.co.nz/nz/news/article.cfm?
Mitre 10 cuts 35:
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10571734
25 jobs to go at
25 jobs to go at Ministry of labour:
http://www.nbr.co.nz/article/jobs-go-department-labour-102374
144 jobs to go in
144 jobs to go in Palmerstone North:
http://www.stuff.co.nz/manawatu-standard/news/2410292/City-loses-144-cal...
From todays Nelson Mail (print
From todays Nelson Mail (print edition)
--- A lack of demand has forced longtime Canterbury manufacturer AW Fraser to restructure its business. An unamed employee said staff had been told 48 positions could go. --------
Job cuts in Otautau, Dunedin:
Job cuts in Otautau, Dunedin:
http://www.stuff.co.nz/business/industries/economy/2413882/Black-day-for...
In Southland, up to 60 workers are to lose their jobs after Bright Wood New Zealand announced it was closing its Otautau sawmill.
From the same article:
Cadbury also acted yesterday, confirming more jobs would be cut at its Dunedin plant.
Last month, Cadbury announced a proposal to cut 45 supervisor and leading-hand roles, and create 19 new positions, as part of a management shake-up.
"After careful consideration of all the proposals put forward by our employees, we can now confirm that our original proposal has been accepted," Cadbury spokesman Daniel Ellis said.
The move will result in the loss of 26 jobs, which are part of the 145 redundancies announced by the plant in August.
Seventy redundancies have been confirmed so far
12 jobs go as iconic
12 jobs go as iconic Wellington book store closes:
http://www.stuff.co.nz/business/industries/retail/2423935/Dymocks-Lambto...
Your double counting those LWR
Your double counting those LWR job losses - you had them down on April 28th........
ACC cuts 70: http://www.nzherald.co.nz/nz/news/article.cfm?c_id=
ACC cuts 70:
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10574893
Resort Apparel bust - 30
Resort Apparel bust - 30 jobs gone
http://www.stuff.co.nz/nelson-mail/news/2452193/Another-Fashion-Island-s...
This recession job loss thread
This recession job loss thread is fantastic. We need another one entitled "Failed development projects" where all the dodgy projects can be listed as they fall over.
Not sure if any jobs
Not sure if any jobs have gone, but Sabine (women's fashion stores) have closed their Newmarket and Ponsonby stores in the last two months.
(Trev does not shop in these stores of course).
Satori store also closing in
Satori store also closing in Chancery Square
Opus cuts 50 jobs in
Opus cuts 50 jobs in NZ
http://www.nzx.com/news/markets/4932361
Fletcher to close factory 41
Fletcher to close factory 41 jobs threatened
http://www.nzx.com/news/markets/4933884
Fielding Fibre Glass cuts 27
Fielding Fibre Glass cuts 27 positions:
http://www.stuff.co.nz/manawatu-standard/news/2487695/27-lose-jobs-as-or...
Great job Andy. What is
Great job Andy.
What is the real figure on unemployment ? Because I'm not an expert, but just an honest artist sensing the situation :-) I personally think the unemployment rate is accelerating fast to over 10% in the next 2 months.
On - going ANZ redundacies
On - going ANZ redundacies - 238 'roles' in the process of going/gone:
http://www.nbr.co.nz/article/anz-sets-training-fund-redundant-staff-103681
I think the key aspect
I think the key aspect to job losses is the hidden, non publicised redundancies. Those where only a few people are let go (or not replaced when staff leave for whatever reason) and they slip under the rader. I can think of a number of orgnisations where friends/family work where it has been the slow drip drip of jobs disappearing which over the last year would add up to a reasonable portion of each places workforce without any real notice (excpet for those working there).
Interesting times.
South Canterbury job losses: http://www.stuff.co.nz/timaru-heral
South Canterbury job losses:
http://www.stuff.co.nz/timaru-herald/news/2497373/Bleak-litany-as-region...
CYFS job losses http://www.nzherald.co.nz/nz/news/article.cfm?c_
CYFS job losses
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10578733
Andy been in contact with
Andy
been in contact with a volunteer group who help white collar workers who find themselves with out work. Figure quoted was between 1200 and 1500 a week loosing jobs many looking at consultancy work. Thats a lot of people in a year, mainly from middle class backgrounds with high incomes to boot.
The recession job loss chart
The recession job loss chart at http://www.interest.co.nz/joblosses.asp is only shwoing an average of 2,000 jobs per month being lost. Perhaps it is time that businesses who are adding employees, new startups etc were tracked so that we get a clearer net picture.
Job losses do not appear to be happening at anywhere near a fast enough clip for there to be any real concern or any prospect of 10% becoming unemployed. There are new factories opening, new supermarkets and malls - so why not put some emphasis on this side of the job scene?
If you hear of some new jobs being created add them here. BNZ are advertising for a whole bunch of business managers. I guess they will need them to cope with the recovery and processing of applications for the funding of new ventures.
Also, lets acknowledge that every
Also, lets acknowledge that every job lost from the government sector, is in fact an aide to the recovery and growth of the private sector.
My boss just hired two
My boss just hired two more people
My wife gives me a
My wife gives me a list of new jobs every weekend.
:-)
Chong Newztel (what sort of
Chong Newztel (what sort of name is that?) make 42 redundant:
http://www.nbr.co.nz/article/staff-chopped-after-media-monitors-takeover...
Andrewj - yes the job losses shown here are probably just the thin end of the wedge - since NZ is dominated by small enterprises with small workforces, the loss of a few jobs here and there never make it into the press - cumulatively they are very significant. I think we will see a considerably worse unemployment picture in NZ than concensus has it.
One only has to look at the case in the US to see how initial predictions of unemployment topping out at lower levels that have already been reached have been found to be woefully inaccurate.
Confirmation that what we document
Confirmation that what we document here is the thin end of the wedge - government say 1000 are joining the dole every week (and there will be plenty others made unemployed who cant get the dole):
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10580169
That would be 4000+ a month losing jobs (in fact likely 5000-6000, allowing for those who cant get dole etc). On that basis the data thrown up on this thread is probably a 2-3 times underestimate of what is going on.
andy, "I think we will
andy, "I think we will see a considerably worse" don't bet on it mate. The stats will have to go through the washer and the blender before being cooked a bit and then released for the peasants to swallow. More accurate to say " I think it will be a bloody sight worse but the true figures will be kept secret"
JK Stevenson cuts 9 -
JK Stevenson cuts 9 - and a round up of other Southland job losses (some already reported)
http://www.stuff.co.nz/southland-times/news/2525062/Engineer-cuts-staff-...
30 jobs to go at
30 jobs to go at Hamilton Placemakers
http://www.stuff.co.nz/waikato-times/news/2530514/Jobs-to-go-at-timber-r...
8 jobs added to my
8 jobs added to my team this quarter. 4000 job losses counted in stats attributable to dole additions story. Surely these are made up in some part at least by other job losses reported?
Agree on thin end of
Agree on thin end of wedge. Queens Head Tavern closed on Queen St Auckland. How many job losses? This and many other examples may not have reached mainstream internet and print media.
In Switzerland they are now
In Switzerland they are now talking about daily job losses (today's press 1400 Sulzer worldwide and 400 Conzzeta) and reduction to weekly 25 working hours for some.
UK and other European countries are experiencing similar when not worse pictures.
Time for 2 months /12 weeks holiday.
Is this a sign of a great upcoming tourism season for NZ ?
Re; double counting - yes
Re; double counting - yes agree, I think the government 'summaries' detailing 1000 job losses a week should be kept out of this data set. This list of job losses here was meant to illustrate the depth, geographical dispersion and variety of job losses in the country (which I think it does) - it cannot be an absolute count (it will always be an underestimate), but I think including 'blanket' stats such as 4000 a month is not helpful.
35 more jobs go in
35 more jobs go in Hamilton from 2 employers (one of which is the local Council - Good Lord, things must be bad):
http://www.stuff.co.nz/waikato-times/business/2538424/Crunch-costs-35-mo...
Independent Liquor lays off staff
Independent Liquor lays off staff (unknown number); Pernod Ricard to 'restructure' sales force (code for redundancies):
http://www.stuff.co.nz/business/2546179/Recession-bites-grog-sales/
Even grog is not recession proof.
Retail continues to get hit:
Retail continues to get hit:
8 Mitre 10 jobs on in Palmerston:
http://www.stuff.co.nz/manawatu-standard/news/2548619/Eight-jobs-go-with...
6 jobs go as long established Nelson Store the Linen Press shuts down (Nelson Mail print edition)
Job losses expected at McCain's (they have apparenly done it again)
http://www.stuff.co.nz/timaru-herald/news/2547810/McCain-job-cuts-loom
Line 7 has gone,sad day
Line 7 has gone,sad day 111 employees.
http://www.stuff.co.nz/business/2550429/Receiver-appointed-to-Line-7
http://www.nbr.co.nz/article/another-superyacht-company-sinks-10
http://www.nbr.co.nz/article/another-superyacht-company-sinks-104293
Good to see the a Council in there
Oh yeah - "Superyacht Housing
Oh yeah - "Superyacht Housing Bubble" (SYHB) 4% up minus BNZ ;-)
118 jobs to go as
118 jobs to go as tissue firm closes
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10582220
Ah tisssue, maybe the swine
Ah tisssue, maybe the swine flu got them!
MAF looks to cut 60
MAF looks to cut 60
http://www.stuff.co.nz/national/2572717/Maf-looking-to-axe-60-border-pro...
200 jobs go in Gizzie
200 jobs go in Gizzie
http://www.stuff.co.nz/business/industries/2681594/Gisborne-reeling-afte...
50 Jobs go in Westport
http://www.greystar.co.nz/index.php?option=com_content&task=view&id=3570...
30 jobs to go at
30 jobs to go at USCA
http://www.stuff.co.nz/the-press/news/christchurch/2597972/USCA-staff-fa...
Up to 24 to go at Lion
http://www.stuff.co.nz/marlborough-express/business/2569682/Lion-starts-...
Shame most kiwi debt has
Shame most kiwi debt has been used to inflate prices of existing houses, creating no jobs (only new houses create jobs, and land reg's have serverely hampered this even during the boom). Maybe we'll learn our lession once international investors cotton on and rating agencies expose us
Dunedin factory closes, 60 jobs
Dunedin factory closes, 60 jobs gone
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=1058...
Duncan AG cuts 17 in
Duncan AG cuts 17 in Timaru
http://www.stuff.co.nz/timaru-herald/news/2702341/Engineers-feel-agricul...
Unilever, Formway and Post Haste
Unilever, Formway and Post Haste cut over 100 jobs between them:
http://www.stuff.co.nz/business/2709826/Unemployment-axe-falls-on-Lower-...
It would appear that all
It would appear that all these continuing job losses may be something that will pull our economy down further before we see a recovery
Formway is a well run
Formway is a well run company with an excellent product. We need companies like that to flourish; something is very wrong with our economic model if they need to let people go.
A G Price in Thames
A G Price in Thames sack 14
Provincial Freightliners in Kopu sack 9
http://www.stuff.co.nz/waikato-times/news/2729951/Thames-job-losses-boss...
Article also mentions loss of 140 jobs in May from Carter Holt Harvey's Kopu plant - this went under the radar as far as I can see?
Mediaworks set to sack at
Mediaworks set to sack at least 70:
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10589569
Sicon to make 12 redundant
Sicon to make 12 redundant
http://www.stuff.co.nz/timaru-herald/news/2738562/Staff-to-hit-the-road-...
Mountain buggy shuts, 45 jobs
Mountain buggy shuts, 45 jobs go
http://www.stuff.co.nz/business/industries/2761230/Jobs-go-as-Mountain-B...
BG Contracting make 9 more
BG Contracting make 9 more redundant , in Rangiora . Adds to the 30 they laid off , last November .
Transfield want to cut 154
Transfield want to cut 154
http://www.stuff.co.nz/timaru-herald/business/2764004/Transfield-proposi...
Timaru port jobs to go:
Timaru port jobs to go:
http://www.stuff.co.nz/timaru-herald/news/2769722/Jobs-to-go-at-Timaru-p...
Port Taranaki also in trouble because of Fonterra cuts:
http://www.stuff.co.nz/taranaki-daily-news/news/2769678/Union-blasts-Fon...
Southern Alps Socks cuts 7
http://www.stuff.co.nz/timaru-herald/news/2769724/Seven-redundant-at-Sou...
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