While question marks remain over 18 redundancies announced recently at Carter Holt Harvey's Tokoroa plywood plant, 50 of its workers in Rotorua have dodged the axe.
Workers at Carter Holt Harvey-owned Rotorua Profiles have been told they will no longer be made redundant as the company has found a buyer for the business.
The forest products company announced two weeks ago it would be closing Rotorua Profiles at a cost of around 50 jobs for employees and contractors.
The sale to Profiles Woodproducts Limited means all workers will now keep their jobs on full pay and conditions.
Engineering Printing and Manufacturing Union timber industry organiser Ron Angel said the news is a huge relief for workers and their families.
"It's devastating to be told you'll lose your job at any time, particularly just before Christmas, so our members are just over the moon that their jobs have been saved,'' Mr Angel said.
"Carter Holt Harvey is to be congratulated for its efforts to keep people in employment and for making such a smooth transition to the new employer. This is great news for everyone."
The EPMU is continuing to consult with Carter Holt Harvey over the 18 redundancies announced recently at its
Tokoroa plywood plant. So far six jobs have been saved and the union is hopeful the remaining twelve redundancies will be voluntary.