Fisher & Paykel my arse...

[firecracker]

Fisher & Paykel's resident fat cat was on telly the other night pissing and moaning about how hard the company's been hit by the global recession.

NZ's are, in general, brand loyal consumers. The decision to shaft kiwi's out of work and shift to China not so long ago was, on their part a particularly poor move. The grass really isn't greener on the other side.

I recently upgraded my kitchen whitewear and the badges read 'mitsubishi' for this exact reason.

It shits me that the government are considering bailing the company out with public funds. Insult to injury.

[Skyryder]

Fisher & Paykel's resident fat cat was on telly the other night pissing and moaning about how hard the company's been hit by the global recession.

NZ's are, in general, brand loyal consumers. The decision to shaft kiwi's out of work and shift to China not so long ago was, on their part a particularly poor move. The grass really isn't greener on the other side.

I recently upgraded my kitchen whitewear and the badges read 'mitsubishi' for this exact reason.

It shits me that the government are considering bailing the company out with public funds. Insult to injury.

Yep I think they were the ones who pushed the employment contracts calling it employment flexibility. Don't own any Fisher and Paykill for the same reason. And believe me not done lightly as I try and purchase NZ made if possible.

Skyryder

[Swampdonkey]

9 years of liarbour forced them offshore. 1600 jobs still here to protect,not to mention the hundreds of jobs, contracters,truckies etc to protect........then i guess other iconic names can start lineing up ....telecom,flectchers .....we are fucked,no doubt gonna be a bumpy ride

[peasea]

Fisher & Paykel's resident fat cat was on telly the other night pissing and moaning about how hard the company's been hit by the global recession.

NZ's are, in general, brand loyal consumers. The decision to shaft kiwi's out of work and shift to China not so long ago was, on their part a particularly poor move. The grass really isn't greener on the other side.

I recently upgraded my kitchen whitewear and the badges read 'mitsubishi' for this exact reason.

It shits me that the government are considering bailing the company out with public funds. Insult to injury.

We also bought Mitsy, bloody great. Quiet, well priced and it even keeps things cold!

[Ixion]

Perhaps they should try applying to the governments of Mexico or Thailand for assistance.

They are no longer a New Zealand company so should not expect any special treatment on that basis.

If there is a valid case for nationalisation to keep jobs, then I am all for that. But let it be nationalisation , not a handout. And the compensation value of a bankrupt company is zero. What we do *NOT* need is another fiasco like the Labour government of NZ Rail.

[The Pastor]

as bad as this sounds, nz is not an economic manufacture of products. so instead of forcing companies to suffer with trying to make it work in a country where it cannot work (on large scale manufacturing) you should be looking at how we can change in order to produce large scale manufacturing OR decide "no we are not, and cannot be good at this" and find an alternative industry that we can excel at.

but thats way too hard right.

[Ixion]

But F&P did make it work for over 50 years. Including recent years since Rogernomics.

So do quite a few NZ companies. Navamn, Racom , the dude in Christchurch. The boat jet engine thing, quite a few others , and lots I don't know about.

You must distinguish between mass large scale manufacture of commodity items (plastic knickknacks) and skilled high tech manufacture . Which we are actually quite good at.

[Hitcher]

Last I heard, the government hadn't decided to give F&P any money.

[nz_rider]

there is a need to do a big weigh up of pros and cons. at the end of the day fisher and paykel appliances is making a huge loss. if they continue to do so then they are going to start bringing down the rest of the F & P group. their healthcare group is doing well.
keeping facilities down in dunedin is probably not the best idea for them. it is not a viable market at the moment. and unfortunatly we really do have to think about the current market a lot. yes the economy will recover eventually but when the country is facing massive financial loss can we really afford to bailout a company which has got themselves into massive debts over the past few years. this is not a recent thing with F & P, it is on going. there shares have lost most of their value which is showing that confidence is falling in them. they are no longer able to hold there place in the european and american markets.
why should the NZ taxpayer be the ones that have to bail out a company that is being brought down by a few highly paid big wigs who have clearly fucked up somewhere.
not all of the financial problems for the company can be put down to the current economic market.
thats my two cents anyway

[Ixion]

They should be nationalised anyway, for having the impertinence to suggest it.

[98tls]

Business is business i guess,whilst social welfare would have been one of there best customers the numbers just dont stack up so off they go.

[merv]

Doubt I'll ever buy their products again now they aren't made in NZ and their point of difference is gone.

[reofix]

The rot set in 2 decades ago... in a protected market f and p were basically all we had ... they exploited that to the max ... 1200 dollar washing machines in 1989 ffs... customers did their r&d... experimental crap that didnt work properly or for long... hope they go broke ... sooner is better ... Yeah LG and Samsung ... cheap and reliable and dont try and play the iconic crap bullshit

[98tls]

Would any of us buy a NZ made motorcycle (forget the Britten it was never going to happen)?knowing the Kiwi work ethic i wouldnt,be like going back to buying Trumpets made during the strikes.

[reofix]

helens crew had us all cheering on the great nz worker in her kiwimade ads (shades of tractor factory no 2) ,... but of course we all ignored it and got the cheap imported stuff (that was built properly) from wherever...