Australian car-making ends with last GM plant closing

Australian car-making ends with last GM plant closing”

"You can't get away from the emotional response to the closure", he told 3AW radio.

South Australia state Premier Jay Weatherill said auto manufacturing was seminal to the state's industrial know-how.

Holden communications director Sean Poppitt said everyone who finished up on Friday would leave with their heads held high.

It said only eight per cent were still looking for work and, while no figures were available, had no reason to doubt that a similar result would be achieved with those who stayed to the end.

With 85 per cent of all workers to date successfully transitioning, we've worked closely with our people to support them.

The Australian Manufacturing Workers Union estimates 2500 jobs could be lost across Holden and its supplier network when the plant shuts, but exact numbers are hard to gauge.

AMWU state secretary John Camillo said some would find other fulltime work, some part-time or casual positions, and others would be forced to retire.

'And that's the tragedy about what's happening today, ' he said.

There had been debate about whether the 7 billion Australian dollars ($5.5 billion) that the government spent on the vehicle industry in subsidies since 2001 was worth the jobs that it created.

"History will remember this as the greatest betrayal of blue-collar workers".

"Tomorrow will be an emotional day for Holden workers and their families and my thoughts are with them at what is a hard time", Mr Wingard said.

Holden Ltd., an Australian subsidiary of the of a US automotive giant, built its last vehicle nearly 70 years after it created Australia's first, the FX Holden, in 1948.

"It's pretty sad that it's gone this way". "Life will go on", Kane said.

Holden is an iconic Australian brand and has been a source of national pride for generations.

His main concern was that "for every one person at Holden, there's five people in the supply chain outside".

Like this



20 October 2017
Female Dem lawmaker: Women have some responsibility for preventing sexual harassment
However, she released another statement on Thursday to in an attempt to clarify her response, though it's effectively doing a 180 entirely.

20 October 2017
Spain moves closer to takeover of defiant Catalonia
Rajoy's minority government, said "the government should apply Article 155 as the situation demands, regardless of the letters". Catalonia is Spain's economic engine, accounting for about a fifth of the total economy and more than a quarter of exports.

20 October 2017
Müller toma ventaja sobre James y se lleva los elogios de Heynckes
El local salió a mandar al campo desde el principio y el partido se convirtió pronto en un asedio al área del Celtic . James Rodríguez demostró que puede ser tenido en cuenta con más minutos de juego por el entrenador alemán.

20 October 2017
Pradhan signed MoC on LNG with Japan
The ministers signed a memorandum of cooperation (MoC) on jointly developing a liquid, flexible and global LNG Market. In the LNG sector, Japan is the world's largest importer and India the fourth-largest.

20 October 2017
Sirius XM Holdings (SIRI) Receives News Impact Rating of 0.05
After $0.04 actual EPS reported by Sirius XM Holdings Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth. BlackRock Inc. boosted its holdings in shares of Sirius XM Holdings by 3,534.6% in the first quarter. (NASDAQ:SIRI).

20 October 2017
Regal Entertainment Group (RGC) Receives $23.38 Consensus Price Target from Analysts
LLC now owns 434,500 shares of the company's stock worth $8,890,000 after buying an additional 85,200 shares in the last quarter. PNC Financial Services Group Inc.'s holdings in Regal Entertainment Group were worth $957,000 as of its most recent SEC filing.

20 October 2017
Evil Garry Shandling threatens stock market dive if tax cuts don't pass
For instance, one version of the plan wanted to reduce the federal income tax deductions that states with high taxes receive. A half-dozen Democrats in the Senate, fearing a defeat next year, would waver".

20 October 2017
MongoDB Has Strong Debut In Latest Tech IPO
They are mostly owned by venture investors, including Sequoia, Flybridge, and NEA, and company executives and founders. LLC, Barclays Capital Inc. and Allen & Company LLC are acting as the joint bookrunners for the offering.

20 October 2017
Goldman Sachs' Lloyd Blankfein just threw some serious Brexit shade
Goldman Sachs announced earlier this month that it is leasing new space in Frankfurt that could hold up to 1,000 staff. Reports that Goldman could move some United Kingdom staff to Frankfurt due to Brexit first emerged in November 2016.

20 October 2017
Obama to campaign with Murphy in Newark
Seventy-year-old Jersey City resident Diane Coleman was among the first wave of people let in the room where Obama will speak. In the same poll, 36 percent said they had a positive opinion of Trump and 52 percent had a negative opinion.