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Assistance package For Regional TCF Industries

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JOINT MEDIA RELEASE The Hon. John Moore, MR The Hon. Alex Somlyay, MR Minister for Industry, Science and Tourism Minister for Regional Development Territories & Local Government

Friday 10 July 1998 238/98

Assistance Package For Regional T C F Industries

The Minister for Industry, Science and Tourism, John Moore, and the Minister for Regional Development, Territories and Local Government, Alex Somlyay, today announced an assistance package for regionally-based textiles, clothing and footwear (TCF) companies.

The Regional Adjustment Package is a component o f the TCF Strategic Investment Programme launched by M r Moore in Melbourne today.

“ The Package acknowledges the potential economic and social impacts o f industry restructuring in areas o f high TCF employment,” M r Moore said.

“ It is directed at creating employment opportunities in regions where TCF activity plays a major role in the local economy.”

M r Somlyay said that “ under this package, firms operating in designated regional areas w ill be able to apply for assistance to support industry reconfiguration and investment. This w ill help regional manufacturers become more competitive and is aimed at creating jobs.”

M r Somlyay said regions which would qualify for assistance are those in which TCF employment constitutes more than 10% o f total manufacturing employment and which experience TCF firm closures or significant restructuring

“ Regions with an unemployment rate greater than the national average, in which the TCF employment constitutes more than 5% o f total manufacturing employment, w ill also be eligible under the same conditions,” M r Somlyay said.

The Federal Government has also announced that supplementary funding w ill be available, if required, to support regions with a high concentration o f TCF employees, affected by future industry restructuring.

Further information about the Package is available from the TCF Taskforce on 02 6213 7145.

Contact: CMR 1209

Graeme Hallett — Media Adviser — 02 62777060 0419 218469 Chris Wordsworth — Media Adviser — 02 62777580 0419 982482