General Motors to halt production in Australia
GM subsidiary Holden is set to stop production in Australia by the end of 2017
US car giant General Motors has announced it is pulling out of Australia, prompting warnings that Toyota will follow suit.
Holden — a subsidiary of GM, which yesterday named Mary Barra as its new chief executive and the first female boss of a US car maker — said it will stop production in Australia by the end of 2017, blaming the high manufacturing costs there as one of the reasons. It also blamed the strength of the Australian dollar as well as the size of the domestic car market.
“The decision to end manufacturing in Australia reflects the perfect storm of negative influences the automotive industry faces in the country,” said outgoing GM chief executive Dan Akerson, who will be replaced by Barra next month.
Nearly 2900 jobs will be hit, and the Australian Manufacturing Workers’ Union claimed the exit means Toyota — who, with Ford also due to halt work, would be the only remaining car maker in the country — could follow.
The Japanese giant is now “highly likely” to end production in Australia, said a union official Dave Smith, who added it “will spell the end of 50,000 automotive jobs”.
- 1 Scottish referendum: So how about the English now being given a chance to split from England?
- 2 Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
- 3 Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
- 4 Matthew Miller: American sentenced to hard labour in North Korea 'wanted to be Snowden II'
- 5 Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
Isis in Syria: 60,000 Kurds flee terror in new exodus
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
4Chan naked photos leak: Celebrity Twitter reactions to the mass breach of privacy
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Archbishop of Canterbury admits doubts about existence of God
Portuguese academic says British are 'filthy, violent and drunk'
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...