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23 May - 10:01 am NZ
Updated at 6:04 am on 9 February 2013
Redundancy compensation has been agreed for about 200 employees at an Oamaru wool mill. Operations at Summit Wool Spinners will end on 28 February.
Union representatives say full-time employees will receive a payment of $1000 an part-time employees will be paid $500.
Time off for counselling and certificates of service have also been agreed on.
A skeleton staff of up to 50 could be rehired by the new owner, carpet maker Godfrey Hirst.
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