Tiwai Point smelter ‘losing millions’ every month

Mon, 13 May 2013

May 13 (BusinessDesk) - The Tiwai Point aluminium smelter is "losing millions of dollars every month" and can ill-afford to give shift workers a 50 percent increase in leave without increasing hours worked, the company says. The smelter owner, New Zealand Aluminium Smelters, says it will appeal an Employment Relations Authority decision that overturns its 20-year practice of applying a "lieu days benefit", which the company says "complies with the law and our contracts." “The ERA’s decision imposes millions of dollars in additional costs on N...

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