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Holden voluntary redundancy announcement

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THE HON GREG COMBET AM MP Minister for Climate Change and Energy Efficiency Minister for Industry and Innovation


GC 297/12 2 November 2012

Holden Voluntary Redundancy Announcement

The Federal Government is disappointed that Holden will be reducing its workforce at Elizabeth in South Australia.

Our thoughts are with the Holden workers and their families.

We will provide these workers with support to find alternative employment and to acquire new skills through Job Services Australia.

This decision reflects the pressures automotive manufacturing is facing from the high Australian dollar and intense competition.

Employment levels at Holden’s operations will depend on a raft of factors over coming years, not least the value of the Australian dollar and the company’s ability to pursue export opportunities.

Our $215 million co-investment with Holden has ensured it will keep making cars in Australia for at least the next decade and will continue to produce two of Australia’s most popular cars - the Commodore and the Cruze.

Today’s announcement demonstrates why the Government needs to continue working closely with the automotive sector to ensure strategic investments that will improve the productivity and sustainability of the industry and its workers.

By contrast, Tony Abbott’s policy is to cut $1.5 billion in Government support to the automotive industry out to 2020, at a time when the industry needs policy certainty.

This would lead to wide-scale factory closures and the loss of tens of thousands of jobs.

Media contact: Mark Davis 02 6277 7920