More calls for govt to do something about the dollar

Opposition parties are reiterating their calls for the Government to do something about the dollar in light of the closure of Summit Wool Spinners in Oamaru.

The plant's closure leaves 192 workers without jobs.

The Government has repeatedly said it won't pick winners by subsidising businesses.

Greens co-leader Metiria Turei says the Government has a responsibility to care for the entire country and to have policies in place to protect all industries.

"John Key is picking winners with Warner Bros and the film industry. Meanwhile in Oamaru, 190 families are going to be without work and struggle to find any more - so he's not picking them, he's picking others."

The Mayor of Waitaki says it's sad the high New Zealand dollar has brought another manufacturing company to its knees.

Summit Wool Spinners has cited the high exchange rate as a large contributing factor.

Its assets have been sold to Godfrey Hirst subsidiary Canterbury Spinners Limited - which may re-employ some staff.

Mayor Alex Familton says the exchange rate has been a challenge for some time.

He says on top of that, woollen goods prices and sales are struggling worldwide.


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