Toyota to announce job cuts

[jpd80]

Originally Posted by Luke Plaizier

54M? I thought it was 34M? At least that's all I saw from the Federal Gov.

Or have you discovered what the undisclosed 'Vic Gov' contribution was?

Rumours still persist that Holden is seeking 200M from the Feds.....but boy, that bit is taking a long time to get approved. I wonder if there's a problem approving it?


Lukeyson

It's a complex issue Luke because Holden's future funding is now split between Commodore and Cruze.
Both of them are on different product cycle timings and while the Commodore may be safe until 2018,
you can bet that Holden wants support for the 2014-2018 cycle and for Cruze II in 2015.....

Ford has its funding to take it through to 2016, probably doesn't need to revisit funding for another two years
but probably wants the deal sealed now so they can commit to another more fuel efficient group of vehicles.

I have no idea what is being planned by Ford, the castle has plainly stopped decision making for now
and thrown the whole issue back in the government's court, It's now up to the government to decide if
they want to invest in the Ford side of the car industry beyond 2016.....

All of our local manufacturers will remain for the next four years which coincidentally is longer that the next term
of government, who wants to be in power when the locals start closing their plants and laying off workers.....
I don't think the car companies are bluffing this time, the government needs to man up and either fund or say no.
Either way, a lot of decisions wil be made this year and the government knows just how much is riding on this,
it's the first time that all manufacturers have aligned their plans for funding to secure the local industry,
let's hope everyone gets what they want...