Australian Government Promises $50 Million Support for Workers Affected by Ford Shutdown
“The Australian and Victorian governments are working together to do everything we can to look after the interests of the Ford workforce, the automotive supply chain and the communities of Geelong and Broadmeadows in Melbourne,” said Australian prime minister Julia Gillard.
According to Gillard, about three-quarters of the AU$40 million allocated to “structural adjustment programs to support the economic development and diversification of the Geelong and northern Melbourne regions” will be supplied by the Federal Government. In addition, the Australian authority will provide AU$10 million for the Automotive New Markets Program, while Victoria will add AU$2 million to aid its component suppliers.
Furthermore, the prime minister said the government will ask Ford Australia for a “significant contribution” as well.
Ford Australia announced Tuesday that it will shut down all manufacturing operations on Aussie land starting October 2016, leading to the loss of 1,200 jobs in Victoria, where the Broadmeadows and Geelong plants are located.
Story via CarAdvice