There's predictions Heinz Wattie's won't be the last to shutter operations this year.

It's proposing closing three manufacturing facilities in Auckland, Christchurch and Dunedin, and packing operations in Hastings - with 350 jobs at risk.

It also plans to phase out sales of products including frozen vegetables, impacting growers.

The Employers and Manufacturers Association's Alan McDonald says others will go.

"We keep hearing rumblings of others getting ready to exit, significant-sized manufacturers as well as smaller ones. De-industrialisation's been happening, prompted by some very high electricity prices." 

LISTEN ABOVE

There's predictions Heinz Wattie's won't be the last to shutter operations this year.
It's proposing closing three manufacturing facilities in Auckland, Christchurch and Dunedin, and packing operations in Hastings - with 350 jobs at risk.
It also plans to phase out sales of products including frozen vegetables, impacting growers.
The Employers and Manufacturers Association's Alan McDonald says others will go.
"We keep hearing rumblings of others getting ready to exit, significant-sized manufacturers as well as smaller ones. De-industrialisation's been happening, prompted by some very high electricity prices."&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Alan McDonald: EMA Head of Advocacy on Heinz Wattie's shutting down at least three manufacturing facilities

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1bf7a6f5-c3c5-4503-80ee-b40a00533d5e/transcript

The US President's social media posts suggest he's worried about the price of oil, as the US and Israel bombard Iran into an 11th day.

More than 1700 have been killed in the Middle East - most in Iran, and hundreds in Lebanon.

Despite this, markets appear to have calmed down following the initial shock, and Milford Asset Management's Brendan Larsen explained why.

LISTEN ABOVE

The US President's social media posts suggest he's worried about the price of oil, as the US and Israel bombard Iran into an 11th day.
More than 1700 have been killed in the Middle East - most in Iran, and hundreds in Lebanon.
Despite this, markets appear to have calmed down following the initial shock, and Milford Asset Management's Brendan Larsen explained why.
LISTEN ABOVE

Brendan Larsen: Milford Asset Management expert on markets calming down from Middle East conflict shock

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/284712e8-e295-4aad-83a7-b40a00703bfa/transcript

The balance sheet is looking strong for Briscoe Group, which managed to score a few goals late in the game. 

The retailer's posted record annual sales of close to $800 million, for the year ending January 25th. 

Its homeware brand Briscoes saw 1.42 percent sales growth - while Rebel Sport trailed with growth of 0.13 percent.

Managing director Rod Duke says the business just changed its promotions approach slightly. 

"Generally, the market from about Black Friday just eased up a bit. People just got a bit more confident."

LISTEN ABOVE

The balance sheet is looking strong for Briscoe Group, which managed to score a few goals late in the game.&nbsp;
The retailer's posted record annual sales of close to $800 million, for the year ending January 25th.&nbsp;
Its homeware brand Briscoes saw 1.42 percent sales growth - while Rebel Sport trailed with growth of 0.13 percent.
Managing director Rod Duke says the business just changed its promotions approach slightly.&nbsp;
"Generally, the market from about Black Friday just eased up a bit. People just got a bit more confident."
LISTEN ABOVE

Rod Duke: Briscoe Group managing director on the business posting steady result in tough financial year

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/cf65c757-7352-4ac4-99db-b40a006187ba/transcript

Public health experts have noticed this latest Covid wave is worsening as fewer Kiwis are getting vaccination boosters and tests, and it's renewed debate about sick leave.

Wastewater analysis from PHF Science shows that the number of cases is at the highest rate it's been for over six months, and Health NZ says there's been 50 hospitalisations and 19 deaths from the virus this week.

Otago University associate professor Paula O'Kane says it's important to let sick leave accrue every year - and stay consistent as Kiwis move jobs.

"It would give people access to better sick leave, it might discourage misuse of sick leave, and when people are actually sick for a longer period of time, they're better covered. So it would really help to deal with issues around people's long-term illness, for example." 

LISTEN ABOVE

Public health experts have noticed this latest Covid wave is worsening as fewer Kiwis are getting vaccination boosters and tests, and it's renewed debate about sick leave.
Wastewater analysis from PHF Science shows that the number of cases is at the highest rate it's been for over six months, and Health NZ says there's been 50 hospitalisations and 19 deaths from the virus this week.
Otago University associate professor Paula O'Kane says it's important to let sick leave accrue every year - and stay consistent as Kiwis move jobs.
"It would give people access to better sick leave, it might discourage misuse of sick leave, and when people are actually sick for a longer period of time, they're better covered. So it would really help to deal with issues around people's long-term illness, for example."&nbsp;
LISTEN ABOVE

Paula O'Kane: Otago University associate professor calls for changes to be made to sick leave

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e334b63a-9a74-4c0d-966b-b40a005b078b/transcript

Alan McDonald: EMA Head of Advocacy on Heinz Wattie's shutting down at least three manufacturing facilities

In 1 playlist(s)

Best of Business

Social links

Follow podcast

Recent clips