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  1. #811
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    NZ Steel Waiuku plant closing. Assume rationalising locations, as STU is also doing. Tough for workers but good business decisions.

  2. #812
    Speedy Az winner69's Avatar
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    Quote Originally Posted by artemis View Post
    NZ Steel Waiuku plant closing. Assume rationalising locations, as STU is also doing. Tough for workers but good business decisions.
    Making steel pipes doesn’t make money ...can’t compete with imports

    Government says we should buy local ....might do something for them
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #813
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    Quote Originally Posted by artemis View Post
    NZ Steel Waiuku plant closing. Assume rationalising locations, as STU is also doing. Tough for workers but good business decisions.
    Can you point us to the announcement?

    I have only read about a proposal to close.

  4. #814
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    Quote Originally Posted by Balance View Post
    Can you point us to the announcement?

    I have only read about a proposal to close.
    Still a proposal I suppose, but not really.
    https://www.scoop.co.nz/stories/BU20...-community.htm

  5. #815
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    Quote Originally Posted by artemis View Post
    Still a proposal I suppose, but not really.
    https://www.scoop.co.nz/stories/BU20...-community.htm
    Suspect it is negotiating tactics.

    Big huge decision to shut the plant down.

  6. #816
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    Quote Originally Posted by Balance View Post
    Suspect it is negotiating tactics.

    Big huge decision to shut the plant down.
    It’s only (small) part of the operation they are talking about ...Pipes and Hollows
    Last edited by winner69; 04-05-2020 at 08:43 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #817
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    NZ Steel has a big Defined Benefit Super Scheme that’ll cause problems one day

    Paying hundreds of pensioners
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #818
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    Quote Originally Posted by winner69 View Post
    NZ Steel has a big Defined Benefit Super Scheme that’ll cause problems one day

    Paying hundreds of pensioners
    You mean to say there are more, over & above the 200 potentially about to walk ?

    STU seems to give the impression from the nature of what has been seen from them over past 5 years in places, that it may be a haven for them .. probably for something approaching Liftime employment ..

  9. #819
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    Quote Originally Posted by nztx View Post
    You mean to say there are more, over & above the 200 potentially about to walk ?

    STU seems to give the impression from the nature of what has been seen from them over past 5 years in places, that it may be a haven for them .. probably for something approaching Liftime employment ..
    NZ Steel has the ongoing pension liability - not STU.

    Remember that NZ Steel was a government entity (one of Muldoon’s Sink Big projects) which was bought by Equiticorp, then BHP Steel etc etc.

  10. #820
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    Quote Originally Posted by Balance View Post
    NZ Steel has the ongoing pension liability - not STU.

    Remember that NZ Steel was a government entity (one of Muldoon’s Sink Big projects) which was bought by Equiticorp, then BHP Steel etc etc.
    Mybad .. yes, I remember the NZ Steel chapters well from the 1990's

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