Category: Fisher & Paykel

Fisher & Paykel Appliances is reported to be closing its East Tamaki factory in November, with more than 180 jobs expected to be lost.

Fisher & Paykel Appliances has confirmed it has made 28 workers redundant at its refrigerator factory in East Tamaki, Auckland, New Zealand.

It has come to light over the past couple of weeks that the bid made by Haier to buy the rest of Fisher & Paykel may well have hit a bump in the road that could well prevent the Chinese company from gaining control of the New Zealand appliance manufacturer. 

It is reported that Fisher & Paykel Appliances’ Chinese shareholder Haier is considering a full takeover of the New Zealand appliance manufacturer.

Current.com reports that after the recent recall on some of its DishDrawer dishwashers due to risk of electric shock last month that Fisher & Paykel is facing another recall and has issued a product recall for selected single door dishwasher models.

Fisher & Paykel has issued a recall on selected models from its Dishdrawer dishwasher range, due to the potential for the products to cause a mild electric shock in New Zealand.

Fisher And Paykel have reported a substantial drop in profits for the year to 31st March 2012 which equates to a drop of around 45% although there are one-off costs that make up part of the drop.

Radio New Zealand reports that analysts say a hefty slump in Fisher & Paykel Appliance’s share price could make the appliance manufacturer maker an attractive takeover target.

Fisher & Paykel Appliances slashed net profit to $980,000 in the six months to September 30 after provisioning for a battle over software copyright, an onerous Australian lease and unfavourable exchange rate movements.

Fisher & Paykel Appliances Ltd  reported a return to full year profit on Friday, as it showed the benefits of its restructuring of the past two years with reduced debt and costs.