The Australian Manufacturing Workers Union (AMWU) claims that it is next to certain that Toyota will follow Holden, Ford and more recently Mitsubishi in ceasing car production in Australia, spelling the end of automotive manufacturing in this country:
“It’s now highly likely that Toyota will leave Australia. In fact it’s almost certain”, AMWU national vehicles division secretary Dave Smith told reporters outside Holden’s head office in Melbourne.
“Fifty thousand workers will be losing their job because of this decision by General Motors today.”
Actually, it could be worse than that, with the industry reportedly supporting an additional 200,000 jobs.
Needless to say, this is not what the Australian economy needs as it heads off the mining investment cliff.
