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$219,000 Federal assistance package for ACL Bearing workers.

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Hon Dr Sharman Stone MP

Minister for Workforce Participation 14 March, 2007

Media Release

$219,000 Federal assistance package for ACL Bearing workers

The Australian Government will provide a $219,000 assistance package for retrenched

workers at ACL Bearing Company in Launceston to help them retrain or move into new jobs,

Minister for Workforce Participation Dr Sharman Stone announced today.

"A package of flexible assistance that is tailored to the needs of each individual has been made available to

ensure that affected workers are assisted quickly back into work," Minister Stone said.

"The Australian Government’s Job Network will provide intensive support to any worker who is retrenched as

a result of ACL’s decision. This includes up to 100 hours of assistance with preparing resumes, job search

training, and immediate access to retraining.

"The ACL workers will also be able to access a pool of funds which can be used to pay for training, work or job

interview clothing and equipment.

"This pool of funds, called the Job Seeker Account can also be used to help the workers relocate for new jobs.

This funding can be used to help cover travel expenses, temporary rent and bond or removal costs.

"I encourage all affected workers, including those who have left ACL Bearing in late February, to contact their

local Job Network immediately to see how Job Network can assist them back into work."

"I met with ACL Bearing management in Launceston last week with Federal Member for Bass, Michael

Ferguson, and feel confident that with this extra Australian Government support, the retrenched workers will

be able to find alternative work, especially given the strong labour market in Launceston at the moment,"

Minister Stone said.

Job Network’s geographic coverage, existing infrastructure and skilled professional staff make them well

placed to deliver quality services to ACL workers.

So far 30 workers have left ACL Bearing, with the remaining 60 to leave over the next few months. This assistance is also available to workers who have already left ACL Bearings in late February.

For further information contact:

Liz Rodway 0421 587 207