Advertisements

How many jobs will go after Holden stops making cars in Australia?


conspiracyoz

 

www.afr.com

Holden Inter

Edmund Tadros Graphic by Les Hewitt

 

InteractiveAs many as 65,000 workers could lose their jobs and up to $4 billion could be lost from the economy as a result of General Motors pulling the plug on Holden manufacturing in Australia, under one scenario put forward by economic modellers.

 

The modelling, from the National Institute for Economic and Industry Research, includes estimated job losses at companies within the GM supply chain and the flow-through effects of the change on spending by all the workers involved.

 

It assumes that the GM closure will be offset by growth in other sectors, but does not consider what benefits would have arisen from the redirection of government subsidies, or what it would take to keep GM manufacturing in Australia.

 

Holden managing director Mike Devereux on Wednesday announced the car maker would be leaving Australia at…

View original post 406 more words

Advertisements

Categories: Home

Author:General Maddox

Real News Australia was founded in 2012 and is Australia's leading alternative news site featuring; open source journalism, current news articles that actually matter, opinionated editorials, shared news items from Australia and around the world, documentary films & video clips. We are dedicated to talking about real issues, health news, world events, political events and deciphering the main stream media garbage in order to break the cycle of propaganda. Remember: "Journalism is printing what someone else does not want printed. Everything else is public relations." - George Orwell. Please share anything you feel is worth sharing and subscribe to our emails. This operation is run on a shoestring budget so any contributions are well received.

Subscribe

Subscribe to our RSS feed and social profiles to receive updates.

%d bloggers like this: