Pacific Power International Employee Buyout Offer



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SpeakersJobling The Hon John; Egan The Hon Michael
BusinessQuestions Without Notice


    PACIFIC POWER INTERNATIONAL EMPLOYEE BUYOUT OFFER
Page: 5150


    The Hon. JOHN JOBLING: My question is to the Treasurer, and Vice-President of the Executive Council. Why has Treasury—presumably on the advice of the Governments's $2,000 per day consultant, Don Anderson—rejected the employee buy-out offer from Pacific Power International's work force?

    The Hon. MICHAEL EGAN: Effectively, it did not stack up. As I understand it there were three offers. Off the top of my head I am not familiar with the details of all three offers, but I know that they were carefully considered by the sales task force and were rejected.

    The Hon. John Jobling: Will you consider it?

    The Hon. MICHAEL EGAN: I will have a look at it, yes.