Hundreds of jobs to disappear in Broadmeadows
More than 1,200 job cuts have been announced by firms which operate in Broadmeadows.
The biggest workforce reductions will be seen at Ford’s assembling plant in the town, after the carmaker's Australian division revealed that it is to end its operations in the country. The termination is scheduled to start from 2016.
As well as the Broadmeadows assembly plant closure, the state-based engine plant in Geelong will also close its doors.
Citing a $141 million loss in the last year, contributing to a total five-year loss of $600 million, the boss of Ford Australia (FA), Bob Graziano said
Saying that the costs of manufacturing cars in Australia were double those in Europe and just under four times the cost of Asian operations, the president and chief executive of FA said the process was simply uncompetitive.
The demand for large cars in Australia has also fallen considerably in recent years; another reason cited by Graziano.
The plans for closure will not affect the roll out of the Falcon and Territory models - posters, banner printing and other advertising methods have already been used by the company to confirm this.
Graziano also said that whilst closure would start taking effect in October 2016, all staff entitlements would be protected for workers, with the company providing three years of support to everyone affected.
The biggest workforce reductions will be seen at Ford’s assembling plant in the town, after the carmaker's Australian division revealed that it is to end its operations in the country. The termination is scheduled to start from 2016.
As well as the Broadmeadows assembly plant closure, the state-based engine plant in Geelong will also close its doors.
Citing a $141 million loss in the last year, contributing to a total five-year loss of $600 million, the boss of Ford Australia (FA), Bob Graziano said
"The business case simply did not stack up, leading us to the conclusion [that] manufacturing is not viable for Ford in Australia in the long-term."
Saying that the costs of manufacturing cars in Australia were double those in Europe and just under four times the cost of Asian operations, the president and chief executive of FA said the process was simply uncompetitive.
The demand for large cars in Australia has also fallen considerably in recent years; another reason cited by Graziano.
The plans for closure will not affect the roll out of the Falcon and Territory models - posters, banner printing and other advertising methods have already been used by the company to confirm this.
Graziano also said that whilst closure would start taking effect in October 2016, all staff entitlements would be protected for workers, with the company providing three years of support to everyone affected.