Dunedin had some good news yesterday:
Dunedin’s Wall Street mall is to be redeveloped to cater for an expansion of Fisher & Paykel’s operation in the city, which is expected to provide about 70 jobs.
The whiteware company wants to extend its existing lease of office and laboratory space in the Dunedin City Council-owned Wall Street complex in George Street.
This is to provide the design and call centre with capacity for a total of 230 staff, enabling the continuation of a growth plan that will see a 40% increase in design staff numbers by 2018. . .
Another good news story:
Dunedin-based cancer diagnostic company Pacific Edge is to receive $4.5 million in government grants towards research and development over the next three years.
Pacific Edge’s bladder diagnostic tool Cx-bladder is marketed in New Zealand, Australia, the US and soon Europe, and the listed Dunedin company holds patents for diagnostic and prognostic tests across a range of cancers, including colorectal, gastric and melanoma.
Pacific Edge chief operations officer Jimmy Suttie said the Government’s Callaghan Innovation Fund recognised the ability of Pacific Edge to turn scientific discovery into products which brought real benefits. . . .
It also had some bad news:
A sawmill company with about 400 employees and about $100 million in annual sales has been placed in receivership.
Brendan Gibson and Michael Stiassny, of KordaMentha, were this afternoon appointed as receivers of Dunedin-headquartered Southern Cross Forest Products.
The company has four sites in Mosgiel, Milton, Balclutha and Milburn around Dunedin and another site in Thames. In 2012, the last figures available, the company generated revenue of just under $95m. . .
There’s no good time to be worried about job security but it’s not as bad if job growth is strong.
Businesses come and go and so do jobs, and at the moment there’s more coming than going.