Thursday, May 23, 2013
FORD slammed the door on its Australian manufacturing business
FORD slammed the door on its Australian manufacturing business - and 1200 jobs - by email, after accepting a total of $1.1 billion in taxpayer cash over the past 12 years.
The final death knell was delivered by the motoring giant's Detroit board to the email inbox of Ford's Asia-Pacific president, Dave Schoch, on Wednesday night.
Workers were in tears when told that the Geelong and Broadmeadows factories would shut down in October 2016.
And there are fears another 2500 jobs will be lost in the car parts supply industry.
Ford announced a $141 million loss yesterday, bringing the total red ink to $600 million over the past five years.
Herald Sun
Labels:
economic collapse
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