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Article: New Zealand's worst. (Behind the Lines).(Tranz Rail Ltd.)(Brief Article)
- Article from:
- Multinational Monitor
- Article date:
- June 1, 2003
CopyrightCOPYRIGHT 2003 Essential Information, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TRANZ RAIL IS TEE RECIPIENT of the 2002 Roger Award for worst corporation in New Zealand/Aotearoa (Aotearoa is the indigenous Maori name for New Zealand). The Roger is awarded by an independent panel of judges, and is administered by GATT Watchdog and Campaign Against Foreign Control of Aotearoa (CAFCA), two activist groups based in Christchurch, New Zealand. It is named after Sir Roger Douglas, a Minister of Finance in New Zealand's 1984-1990 Labor government, which leveled controls on foreign investment in New Zealand.
Tranz Rail is a more than 100-year-old company, which was state run until privatized in the 1980s. "Since privatization," according to the Roger ...