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6 February, 2006
Engineering, Printing & Manufacturing Union (EPMU) of New Zealand has re-launched its 5% wage hike campaign last week for workers at Carter Holt Harvey (CHH) operations. The ICEM affiliate had put wage talks on hold last year with the forest products firm after Graeme Hart’s Rank Investments began buying stakes in the Auckland-listed company.
EPMU has successfully negotiated 5% wage increases at three CHH enterprises, with bargaining at seven sites still outstanding from last year.
Hart, owner now of 86% of CHH, increased his bid for shares last week by offering NZ$2.75-a-share, twenty-five cents better than his original offer. Hart needs 90% of CHH to de-list the company and take it private.