Here's how its been reported in the media
https://www.nzherald.co.nz/nz/nurses...C5CZWPEDVB6YU/
Possibly worth noting that the "initial pay offer" was 1.38% for most nurses and this was "slightly below" the rate of inflation....but not noted in the article (but as we have previously discussed at length Nurses have received a large multi year pay adjustment over the last few years). I get it that they are frustrated with the Govt's attempted wage freeze though...that is ridiculous and hard working nurses and caregivers are absolutely entitled to cost of living increases, no question about that. The problem I see for OCA is that care costs will continue to outstrip ministry of health funding increases.
From a shareholders perspective the returns between the listed operator with the highest level of care, OCA, and the lowest SUM, could not be more stark since OCA listed. SUM up more than 170% since OCA listed which are up a far more modest 70%. OCA has more or less just matched the NZX50 index though and I am sure MAV will comofrt us that better times are ahead so if we hang in there maybe its all comes good in the due course of time ?
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