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Goober
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National rules over the labour FOOLS


« on: Sun 23 November, 2008 - 02:11 pm »

May be relocating from Brisban to Dunedin.Step bro is the GM of F&P and is based at the company's HQ in Brizzy.
 
  He was saying it is really hard, nigh on impossible to operate and turn a profit in Aussie now with the recession really starting to bite.The Aussie super is crippling a lot of companies and labour costs skyrocketing.Raw materials and electronic components sourced from Asia are  becoming more expensive.

   A feasibility study is being done on the moving back to New Zealand.  He said the company would not entertain the thought of coming back to NZ but with the change of government it is looking more  promising than moving to Asia
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spanky
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« Reply #1 on: Sun 23 November, 2008 - 03:06 pm »

They basicly hog tied any of the staff from leaving dunners by saying they wouldnt get redundancy if they left before the date of the expected closure.

Mind you in saying that cadbury on the verge of pulling the plug as well.

Theres an aweful lot of doom and gloom in dunedin part of the reason why we left.
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bytey
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« Reply #2 on: Sun 23 November, 2008 - 03:23 pm »

Thats really interesting to know....

Alot of people think moving to Oz is going ot make their financial situation better and the grass is greener and all that, but if a big company like F&P is finding it a bit tight then it doesnt look that great for small families.
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spanky
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« Reply #3 on: Sun 23 November, 2008 - 03:31 pm »

true and they do have an already established work forse in dunners and if its being under utilised it makes better economic sence to go with whats working already.

If they pull the plug on dunners it takes all those peoples wages from the local economy but not only that trucking firms will have a hiuge loss as well as many componants are trucked not only out of there but into there as well when i couriering we dilivering everyday plus our big truck did one whole truckload of compnants for manufacturing.

It would be nice for all theiur sakes to kepp it going.
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cat
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« Reply #4 on: Sun 23 November, 2008 - 03:38 pm »

the recession hasn't or isn't affecting us

electrical s**t is still cheaper
as is clothing etc

and mr could no way earn in nz what
he earns here

depends on your situation i think

a lot of youngins' kiwi and aussies
bought these houses worth a fortune in
nappy valleys and took out huge mortgages
now they can't repay them

friend of ours has 43 mortgage sales at the moment

it's the same as anywhere
you don't over extend yourself

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bytey
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« Reply #5 on: Sun 23 November, 2008 - 03:52 pm »

Thats a good point cat

But evenw ithout over extending it is possible to be affected by the economy.

Prices for things go up and up, and wages dont. People buy houses that then become worth f**k all and it doesnt make it worthwhile to pay the mortgage because they have negative equity.

Admitedly, if they can keep paying themortgage then they are only making a paper loss and i the long term they will always make money on a house but it can still get tight witout overextending.
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cylllyyy cylindra
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« Reply #6 on: Sun 23 November, 2008 - 03:55 pm »

the recession hasn't or isn't affecting us

electrical s**t is still cheaper
as is clothing etc

and mr could no way earn in nz what
he earns here

depends on your situation i think

a lot of youngins' kiwi and aussies
bought these houses worth a fortune in
nappy valleys and took out huge mortgages
now they can't repay them

friend of ours has 43 mortgage sales at the moment

it's the same as anywhere
you don't over extend yourself



Very true Cat - the mr's brother took one of those 105% loans out the other year.  Where you borrow 100% for the property and then a further 5% just because you can.  I just about died when I heard that they had done so and with 3 kids.  They are finding it so hard now, he had to work two jobs and she has had to go back to work full time. 
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Ask a cylly question get a cylly answer.   cylllyyy cylindra
Coach
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« Reply #7 on: Sun 23 November, 2008 - 03:58 pm »

Looks like another case of big business crying into its beer and demanding changes to labour legislation on pain of outsourcing. If F and P were serious about exporting labour costs, they'd have been operating from Asia years ago.
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This is pitiful. A thousand people freezing their butts off waiting to worship a rat. What a hype.
spanky
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« Reply #8 on: Sun 23 November, 2008 - 04:00 pm »

Thats a good point cat

But evenw ithout over extending it is possible to be affected by the economy.

Prices for things go up and up, and wages dont. People buy houses that then become worth f**k all and it doesnt make it worthwhile to pay the mortgage because they have negative equity.

Admitedly, if they can keep paying themortgage then they are only making a paper loss and i the long term they will always make money on a house but it can still get tight witout overextending.

yep cos the cost of food has gone thru the roof i spent 250 the other day and that didnt even include the weks meet. spent another 70 today its rediculous and we dont live extravagantly.
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cat
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« Reply #9 on: Sun 23 November, 2008 - 04:01 pm »

the recession hasn't or isn't affecting us

electrical s**t is still cheaper
as is clothing etc

and mr could no way earn in nz what
he earns here

depends on your situation i think

a lot of youngins' kiwi and aussies
bought these houses worth a fortune in
nappy valleys and took out huge mortgages
now they can't repay them

friend of ours has 43 mortgage sales at the moment

it's the same as anywhere
you don't over extend yourself



Very true Cat - the mr's brother took one of those 105% loans out the other year.  Where you borrow 100% for the property and then a further 5% just because you can.  I just about died when I heard that they had done so and with 3 kids.  They are finding it so hard now, he had to work two jobs and she has had to go back to work full time. 



.
yip that's what they do

and the govt has also upped the ammount of dosh
they give first home buyers now
21,000 thousand for a new home
14,000 for an existing house
it's crazy if they are saying we are in a recession
 

these people just drip themselves up to the eyeballs

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bytey
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« Reply #10 on: Sun 23 November, 2008 - 09:27 pm »

In Englad they are currently offering 125% mortgages - wtf are they like?

Any f**ker who goes in for that (when not being able to afford it) deserves to be f**kin broke.
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Coach
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« Reply #11 on: Sun 7 December, 2008 - 08:02 am »

Curiously, Fonterra has just agreed to buy the Fisher and Paykel factory in Mosgiel. When F and P leaves for Mexico in March, they'll be gutting the building and turning it into storage. Fonterra are naturally pleased to be doing this, because a chronic shortage of industrial land is making Dunedin very unattractive as an industry hub.
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This is pitiful. A thousand people freezing their butts off waiting to worship a rat. What a hype.
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