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28 Nov 2025 4:49
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  •   Home > News > Business

    A poor gas outlook is seen as the main suspect for further job losses in manufacturing

    A poor gas outlook is seen as the main suspect for further job losses in manufacturing


    The country's largest gas user Methanex is proposing to move from two plants to one for the foreseeable future.

    It comes after Winstone pulp confirmed plans to shut two mills to more than 200 workers - earlier this week.

    Former president and CEO of Methanex, Bruce Aitken says we lack a long term, coherent energy strategy.

    He says if you want to build power stations or wind farms, they take many years in planning and construction.

    © 2025 Newstalk ZB, NZCity

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     27 Nov: Retail sales have increased 1.9 percent in the September quarter, according to Stats NZ data
     27 Nov: ANZ's boss says every bank will make its own decisions on how low to go with interest rates
     27 Nov: The Reserve Bank has a new Chair, with former Deputy, Rodger Finlay, taking the reins from Neil Quigley, who resigned in August
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