Price Freeze In New Caledonia Hurting Business

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Employers call for end to freeze, unions say they weren’t properly done

WELLINGTON, New Zealand (Radio New Zealand International, April 18, 2014) – Employers in New Caledonia have called for an end to the partial price freeze in place since August to curb the high cost of living.

This comes as unions say the measures, which are due to remain in force until January, have not been adopted properly.

Last May, a 12-day strike prompted the government to act on stalled efforts to reduce the cost of some goods and services.

It agreed to impose a 10 percent price cut on 500 consumer goods and lowered phone and internet costs as well as bank fees.

But the importer and distributors' organisation has now told the local newspaper that while some people could maintain their purchasing power, several businesses now face problems.

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