Toyota has finally jacked it in, announcing they are closing their plant in Australia, joining Ford and Holden in halting manufacturing of cars in Australia.
The end of car manufacturing in Australia – confirmed with Toyota’s announcement that it would shut local production in 2017, taking thousands of jobs with it – could tip Victoria and South Australia into recession, industry experts and economists have warned.
The automotive giant’s global boss, Akio Toyoda, travelled to the Altona plant and told 2500 workers their jobs would go in three years. The decision is a massive blow for the Victorian economy in particular, where more than 25,000 jobs are likely to go across the car and automotive components industries. Unions claim 50,000 skilled jobs may be lost nationally. Toyota will follow Ford and Holden out of the country, with all three car makers announcing in the last year that they would cease manufacturing by 2017. All three brands will now import all their vehicles.
Those jobs weren’t real anyway…heavily subsidised, loans, grants and tax breaks for the companies. The unions can hardly complain with the workers heavily unionised and paid far above their actual worth or productivity justified.
That isn’t stopping them from blaming everyone but themselves.
Federal Opposition Leader Bill Shorten blamed Toyotaâs demise on the Abbott government. ââItâs an unmitigated disaster,ââ he said.
ââThe car industry has died under the Abbott government. Itâs a disgrace.ââ Â Read more »