Road to recession: end of car industry may cost 50,000 jobs
Abbott Government continues to destroy Australia and hurting as many Australians as he can.
The end of car manufacturing in Australia - confirmed with Toyota's
announcement that it would shut local production in 2017, taking
thousands of jobs with it - could tip Victoria and South Australia into
recession, industry experts and economists have warned.
The automotive giant's global boss, Akio Toyoda, travelled to
the Altona plant and told 2500 workers their jobs would go in three
years. The decision is a massive blow for the Victorian economy in
particular, where more than 25,000 jobs are likely to go across the car
and automotive components industries. Unions claim 50,000 skilled jobs
may be lost nationally. Toyota will follow Ford and Holden out of the
country, with all three car makers announcing in the last year that they
would cease manufacturing by 2017. All three brands will now import all
their vehicles.
TONY ABBOTT OUR CLAYTON PRIME MINISTER WHO DOESN'T MEAN WHAT HE SAYS AND DOESN'T SAY WHAT HE MEANS.
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