Manufacturing cancer kills choofa factory

From locked-BS, tobacco manufacturer Philip Morris:

…announced the closure of the Moorabbin factory after almost 60 years of operation, moving the jobs to South Korea.

In a statement, the company said it was optimistic about exporting more Australian cigarettes overseas but “these forecast export opportunities have not been realised due to Australian government reduced-fire risk requirements introduced in 2010 on all locally manufactured cigarettes that do not match consumers’ preferences in other markets in our region”.

180 more workers freed up to build apartments.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.