KiwiBro
Mill 'em, nails be damned.
Harvest Pro have had significant harvesting assets repossessed and many people have lost their jobs. I don't know if Harvest Pro will go to the wall or not, but compliance costs are about to ramp up even higher as the new safety rules come into play here, at a time when the industry is being seriously squeezed. I can see more companies going broke and hundreds more people losing their jobs before the dust settles.
http://www.stuff.co.nz/business/67445233/forest-contractors-problems-may-put-200-jobs-at-risk
*edit* It looks like the trucking side of the parent company is up the creek too:
http://www.3news.co.nz/nznews/northland-forestry-collapse-leaves-frustrated-creditors-2015040617
More on the collapse is here:
http://www.timberbiz.com.au/nz-logging-truckers-face-a-long-haul/
Looks like about $26m is owing. I fail to see how any sincere or competent person can dig that big of a hole. They must have been deliberately stringing associates along while stripping as much as they could for themselves.
I'm told this is not the first time the main guys have done this either. It's only a matter of time before they are on the receiving end of some well-deserved bush justice I hope.
http://www.stuff.co.nz/business/67445233/forest-contractors-problems-may-put-200-jobs-at-risk
*edit* It looks like the trucking side of the parent company is up the creek too:
http://www.3news.co.nz/nznews/northland-forestry-collapse-leaves-frustrated-creditors-2015040617
More on the collapse is here:
http://www.timberbiz.com.au/nz-logging-truckers-face-a-long-haul/
Looks like about $26m is owing. I fail to see how any sincere or competent person can dig that big of a hole. They must have been deliberately stringing associates along while stripping as much as they could for themselves.
I'm told this is not the first time the main guys have done this either. It's only a matter of time before they are on the receiving end of some well-deserved bush justice I hope.
