Business

Ford plans to shut all Australian production by 2016

May 23, 2013 09:21 AM

 

 

Washington, May 23: US car giant Ford Motor will shut all its Australian manufacturing plants by October 2016, after more than 85 years of making vehicles in the country.

 

About 1,200 workers are expected to lose their jobs from the Broadmeadows and Geelong plants, in Victoria state.

 

Ford said its Australian operations had lost A$600m ($580m; £385m) over the last five years.

 

The strength of the Australian dollar has made manufacturing more expensive, while sales have been under pressure.

Have something to say? Post your comment
Copyright © 2012 Calgary Indians All rights reserved. Terms & Conditions Privacy Policy