Comments on: Kinleith mill closure shows need for industrial strategy – CTU https://thedailyblog.co.nz/kinleith-mill-closure-shows-need-for-industrial-strategy-ctu/ Read the Other Side of the Story Thu, 21 Nov 2024 02:57:39 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Trevor https://thedailyblog.co.nz/kinleith-mill-closure-shows-need-for-industrial-strategy-ctu/#comment-312493 Thu, 21 Nov 2024 02:57:39 +0000 https://thedailyblog.co.nz/?p=195574#comment-312493 In reply to gordon walker.

In this case I can agree with your analysis of the situation Gordon. Not enough has been done to upgrade aging plant and retrain staff .

]]> By: gordon walker https://thedailyblog.co.nz/kinleith-mill-closure-shows-need-for-industrial-strategy-ctu/#comment-312492 Wed, 20 Nov 2024 16:32:30 +0000 https://thedailyblog.co.nz/?p=195574#comment-312492 I think this was owned by the government back in the day .This government can and will not lift a finger to save a failing business .Sadly the last 40 years of corporate greed has ruined the economy .We have had takeovers that have been marketed as growing market share and therefor seen as growth of the business .But in reality the growth in the industry has not been a reality .Then as in this case the new owner has to exit because they have bought more debt and no growth in real income .A lot of companies have been bought,stripped of the best parts and the skeleton is then on sold to an unsuspecting buyer who has not done the checks and balances properly .

]]>