No Frankton bid yet, but petition launched

Last updated 05:00 22/01/2014

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Goodman Fielder has confirmed that no formal bid has yet been received from what FIRST Union is labelling "a consortium of investors" it hopes will save 125 jobs in Hamilton.

The company has agreed to a proposal to sell its meat business to Hellers, which would mean cutting 125 jobs at its Frankton plant.

However, the $17 million sale is on hold until the completion of a consultation process with staff.

On Monday the union's general secretary Robert Reid told a group of Hamilton leaders, including representatives from the Waikato Regional Council, Hamilton City Council and National and Labour MPs, that another bid had gone to the company.

However, a Goodman Fielder spokesperson confirmed yesterday that no formal bid had officially been received by the company during the consultation period.

"We remain in the consultation process with our employees; it is the only process we are working through, and it is confidential.

"We have not received a formal bid as part of that process."

In a separate move, three Hamilton City Councillors have sent a letter to the Commerce Commission asking it to investigate the sale.

Martin Gallagher, Dave Macpherson and Ewan Wilson all signed a letter which claimed that the sale would result in Hellers having more than 50 per cent of market share in the segment.

"I think it's a legitimate inquiry for the Commerce Commission to look at," said Gallagher.

An online petition has also been launched by Labour list MP Sue Moroney at

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- Waikato Times


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