The Ruapehu district has been dealt a huge blow - as Winstone Pulp International confirms it will close the two mills in the region.
Over 230 workers will lose their jobs, and mayor Weston Kirton is 'gutted' the Government couldn't broker a deal and save the mills.
Infometrics principal economist unpacks the economic impact of this announcement.
LISTEN ABOVE

Tim Bean: physique specialist voices concerns with proposed ban on incandescent light bulbs
04:14

Mike Casey: Rewiring Aotearoa CEO on the Government looking to changes laws on plug-in solar panels
05:10

Sophie Moloney: Sky TV chief executive on Sky winning NRL and Warriors rights in new broadcast deal
04:03