After these good wages have been sucked out of our local economy, it will bring on a new wave of redundancies. The spending power these and other redundancies take out of local businesses, in turn means these businesses will have to make staff redundant.
And so the cycle continues.
You won't read about these jobs going - it will be a job here, a job there and three jobs down the road. But they all add up to even more misery.
These workers may not get any notice of their jobs going and most of them won't get any redundancy compensation because it is not a legal requirement.
That's why I have a Bill in Parliament to make redundancy notice and compensation a legal requirement.
It's one of three bills I have going through Parliament at present - that's more than most government ministers have going through.
It is estimated that 80 per cent of New Zealand workers don't have redundancy protection in their employment agreements and are therefore left unprotected when disaster strikes.
The National Party will all vote against my Bill, but they have no ideas about how to stop the jobs from going, or how to create other decent jobs.
At the time of writing, my Bill is midway through it first reading debate and we don't know if it has the "numbers" to get through to a select committee process.
For the sake of all those people at risk of future redundancies, I hope other MPs will join Labour to give this Bill a fair hearing.