Deputy Prime Minister and New Zealand First leader Winston Peters says workers deserve better at Southland's Tiwai Point smelter, with an announcement as early as next week.
Peters told media during his party's conference yesterday that he was doing something "nobody else had done" and that was to speak to Southland workers who "deserved a future."
He said he will be at the Invercargill working men's club on Friday where he said a "major announcement" will be made.
While he wouldn't divulge further details, Peters has been advocating a worker or management buy-out at the aluminium smelter since majority owner Rio Tinto confirmed it will be closing the factory with the loss of 2,600 jobs next August.
He suggested there was also some leverage in a management buy-out given the estimated $400 million remediation price tag the Australian mining and metals company could face in 13-months from closing the plant and in its commitments to electricity provider Meridian.