Spiralling energy costs and falling paper prices land ‘devastating’ blow on Tokoroa
The 230 workers set to lose their jobs at Tokoroa’s Kinleith Mill - 2.2% of the entire South Waikato workforce - have been caught between double-digit production cost hikes and falling paper prices in what one economist said is a “devastating” blow to the Waikato town.
News of the job cuts came on Wednesday after workers were told parent company Oji Fibre Solutions was facing “extreme financial headwinds”.
Poll: Are you feeling more optimistic about our local economy lately?
Waikato farmers are leading the way! 🚜🐄 With exports booming and "stellar seasons" on the books, our farmers are pumping value back into the region.
Even with a cautious approach to spending, the benefits are slowly making their way into the local economy.
We want to know: Are you feeling more optimistic about our local economy lately?
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0% Yes, definitely!
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0% Getting there...
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0% Still waiting to see it.
🧩😏 Riddle me this, Neighbours…
I am an odd number. Take away a letter and I become even. What number am I?
Do you think you know the answer?
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