11 Dec 2013
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.
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