Wednesday, May 21, 2014

Otago Chamber of Commerce CEO John Christie believes next month's closure of Southern Cross Forest Products is going to have a serious financial impact on our region.

Christie says it's the supporting industries, like truck drivers and the businesses staff visit, that will be hit.

He says the multiplier effect shows the economic impact can be around three times that of simply 180 job losses over a three-month period.

However he is pleased receivership company KordaMentha and Work and Income New Zealand intend to assist the remaining staff with finding employment.

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