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Fisher and Paykel bailout by NZ Government

Today I hear that John Key has pledged to bailout NZ manufacturing company, Fisher and Paykel should it need it.

"Yes they've got a short-term temporary funding issue which they're working through commercially with a number of alternatives, but I would be very concerned if a company of that nature ... was to go to the wall," he told TV3's Sunrise show.

Key said the Government needed to stay engaged with Fisher & Paykel as it was a "very unusual and unique" New Zealand company and important to the local economy.

"We don't want to be destroying the basis of New Zealand's manufacturing solely because there is a temporary credit crisis."


I think it's more than just a "temporary credit crisis". Ironically, my only just over one-year old Fisher and Paykel dishwasher broke 20 minutes ago. You see, all the stress of the opening action was directed to two points on the plastic panel strip at the top of the door. Both of these plastic points were attached by metal screws to the metal door on the inside of the dishwasher. So, the plastic at those two points just couldn't take the pressure anymore and broke when I pulled on the door. Most likely the only things stopping the whole panel from coming were all the wires in this area that directed the control information back to the dishwasher. Who ever designed this dishwasher did a really crap job of it if they expected today's plastic to last very long at all.

The dishwasher actually still works as none of the wires were pulled out when the panel came off, but I'm not sure I'm going to be able to open it again when it's finished washing my current load of dishes (there was no way I was unloading the dishwasher and washing by hand, unless it was really broken). Maybe levering it open with screwdriver might do it...

So, not very happy with Fisher and Paykel right now. Nor am I buying another Fisher and Paykel dishwasher to replace it if part of their design is to put cheap plastic into major stress areas such as the door and expect the damn thing to last.

Maybe John Key's dishwasher is a Miele, so hasn't noticed that Fisher and Paykel is cheap crap.

Related Link: Bailout talk could harm F&P prospects - export group