Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Statement on Ford Australia's announcement of 440 job losses



Download PDFDownload PDF

Shadow Minister for Innovation, Industry and Science

Sophie Mirabella

Statement on Ford Australia's Announcement of 440 Job Losses

17/07/12

A contraction in demand has led to Ford Australia announcing today that 440 jobs will be cut from operations across Victoria.

At this time the Coalition feels a great deal of sympathy for the workers and their families who will be affected by these cuts.

This announcement comes despite a $34 million injection of cash from the Federal Government in January, demonstrating that the Gillard government’s untargeted handouts just don’t work.

As revealed at Senate Estimates earlier this year, the Government obtained no guarantees regarding the future of jobs at its Australian manufacturing plants when it signed this deal.

Within six months of the Prime Minister saying that: “This is exactly the type of investment… to help shore up the future of our manufacturing sector … best of all it will secure jobs, not only in Victoria but also across the nation”, 440 jobs are set to go.

Since coming to office, this government has broken $1.4 billion of promises to the car industry, adding to the sovereign risk of investing in Australia.

GM Holden Chairman and Managing Director Mike Devereux said in June 2011:

“We cut a deal with the prime minister (back in 2008) and then midway through ... the rules of the game changed … it certainly worries a multinational parent when sovereign risk begins to be something that is bandied about in terms of doing business with Australia."

The carbon tax is now set to remove another $460 million from the car industry’s bottom line. With the industry under pressure, now is the worst possible time to introduce a carbon tax.