Ford Oz finally close the factory doors.

Discussion in 'Markets & Economies' started by TheEnd, Oct 7, 2016.

  1. TheEnd

    TheEnd Well-Known Member

    Joined:
    Oct 6, 2011
    Messages:
    2,496
    Likes Received:
    26
    Trophy Points:
    48
    Just for those who may not be car enthusiasts or followers..........Ford Australia finally closed its car manufacturing factory in Broadmeadows, Melbourne today.

    A sad day for Ford enthusiasts and a sad day for manufacturing jobs in Oz overall.

    Will this be enough to put Victoria into its own little recesssion?

    More to come next year when Holden and Toyota also close???
     
  2. House

    House Well-Known Member Silver Stacker

    Joined:
    May 1, 2012
    Messages:
    9,527
    Likes Received:
    287
    Trophy Points:
    83
    Location:
    Stack City
    No it will not be enough to put Vic into a recession. Why would it?
     
  3. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

    Joined:
    Nov 12, 2014
    Messages:
    4,226
    Likes Received:
    1,994
    Trophy Points:
    113
    Its never sad to see an uncompetitive business that failed to adapt stop receiving taxpayer funded bailouts and finally succumb.
     
  4. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

    Joined:
    Mar 22, 2010
    Messages:
    8,298
    Likes Received:
    7,657
    Trophy Points:
    113
    Location:
    House Corrino
    Once Victoria demolishes a quarter of it's power generating capacity next year it won't be a viable state for any kind of large scale manufacturing anyway. As South Australia gradually becomes Southern Greece Victoria will soon join it on it's journey to de-industrialised third world Green happiness.
     
  5. Agnostic

    Agnostic Active Member Silver Stacker

    Joined:
    Jun 13, 2013
    Messages:
    488
    Likes Received:
    148
    Trophy Points:
    43
    Certainly I agree with the sentiment that the taxpayer-funded bailout of non-competitive businesses is bad.

    However I am sad to see Australia losing its manufacturing capacity.

    Sometimes it is handy to be able to churn out large numbers of metal objects without having to rely on overseas supply.

    'No Man is an Island'
    John Donne

    No man is an island entire of itself; every man
    is a piece of the continent, a part of the main;
    if a clod be washed away by the sea, Europe
    is the less, as well as if a promontory were, as
    well as any manner of thy friends or of thine
    own were; any man's death diminishes me,
    because I am involved in mankind.
    And therefore never send to know for whom
    the bell tolls; it tolls for thee.
     
  6. TheEnd

    TheEnd Well-Known Member

    Joined:
    Oct 6, 2011
    Messages:
    2,496
    Likes Received:
    26
    Trophy Points:
    48
    O.k maybe it wont cause a recession but it will surely have some impact.

    At least 1,000 jobs will be lost if not more.
     
  7. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

    Joined:
    Nov 12, 2014
    Messages:
    4,226
    Likes Received:
    1,994
    Trophy Points:
    113

    About as much impact as farting in a typhoon would be deemed as contributing to the destruction caused.
     
  8. silver kook

    silver kook Active Member

    Joined:
    Dec 1, 2010
    Messages:
    1,119
    Likes Received:
    1
    Trophy Points:
    36
    Location:
    Australia
    If anything it will stimulate the economy. All these workers who "lost" their jobs are getting massive redundancy payments the likes of which will never be seen again. Also they will get their training or education expenses fully paid for so they can retrain for a new career. Don't be fooled by media bullshit.
     
  9. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

    Joined:
    Jun 5, 2010
    Messages:
    15,802
    Likes Received:
    2,589
    Trophy Points:
    113
    Location:
    here there everywhere
    Like I said before
    This has been on the books for over 25 years
    The first big move was when GM got rid of 2 generations of engineers about 20 years ago
    YES we can & should be building our own vehicles BUT
    Not when subsidies are involved
     
  10. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

    Joined:
    Jun 5, 2010
    Messages:
    15,802
    Likes Received:
    2,589
    Trophy Points:
    113
    Location:
    here there everywhere
    Forgot to mention
    We still make trucks here for the S.E Asian Market :eek:
    Kenworth out in Bayswater & Fix it Again Tony still build Iveco's for the S.E Asian region
    There are at least 2-3 bus manufacturers here
     
  11. errol43

    errol43 New Member Silver Stacker

    Joined:
    Apr 13, 2010
    Messages:
    5,993
    Likes Received:
    15
    Trophy Points:
    3
    Location:
    Bundaberg
    Will they spend it widely.:/ Time will tell!

    Regards Errol 43
     
  12. silver kook

    silver kook Active Member

    Joined:
    Dec 1, 2010
    Messages:
    1,119
    Likes Received:
    1
    Trophy Points:
    36
    Location:
    Australia
    From what my relative who works at Holden told me the average production line worker with 20 years of service will get a redundancy payout of about $100,000 tax free...
     
  13. House

    House Well-Known Member Silver Stacker

    Joined:
    May 1, 2012
    Messages:
    9,527
    Likes Received:
    287
    Trophy Points:
    83
    Location:
    Stack City
    Average payout is around $85k with a lot upto $250k. Plenty of manufacturing industries have died in Vic over the decades (wool mills, paper mills, ropeworks etc), just another one succumbing to the transition.

    600 people in Geelong (city of 200k) and 500 in Broadmeadows isn't going to cause much disruption in a state of 6m where manufacturing is only about 15% GSP. 1,000 jobs were lost when the APH smelter closed about 2 years... Nothing happened.

    Speaking of jobs, how's your latest one going?
     
  14. Au-mageddon

    Au-mageddon Active Member

    Joined:
    Jan 14, 2012
    Messages:
    1,788
    Likes Received:
    17
    Trophy Points:
    38
    The thing is the guys in the Ford/Holden/Toyota production plants will be the ones who get the big payouts and brought to the front of the queue for retraining.

    The component factories supplying these big car manufacturers are also going to have to shed a lot of jobs too, if not close altogether, but their guys will not get anywhere near the same treatment, as they are the hidden victims of the car industry closure.
     
  15. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,613
    Likes Received:
    4,398
    Trophy Points:
    113
    Compensating people because what they produce is too expensive. :/
     
  16. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,064
    Likes Received:
    3,292
    Trophy Points:
    113
    Location:
    Australia
    I've never quite worked out why the concept of selling your job has been so accepted by people, considering the wastelands left behind.

    The first time I noticed it was in the Thatcher days of paying the miners to break ranks and sell their jobs, helping close down the mines as a political tactic. That was also, I think, the cutting edge of this as a globalisation tactic.

    I'm sure there a more efficient and effective means of transforming workforces in sunset industries (such as coal in UK). I just don't know what they are.

    It's a little bit of a sidebar, but I've always been affected by this Dylan song about the collapse of mining in the North Country of USA and the costs wreaked upon the communities there.

    [youtube]http://www.youtube.com/watch?v=m0XUfoLkG0o[/youtube]

     
  17. radiobirdman

    radiobirdman Well-Known Member Silver Stacker

    Joined:
    Apr 26, 2011
    Messages:
    2,260
    Likes Received:
    81
    Trophy Points:
    48
    Fcked on race day
     
  18. radiobirdman

    radiobirdman Well-Known Member Silver Stacker

    Joined:
    Apr 26, 2011
    Messages:
    2,260
    Likes Received:
    81
    Trophy Points:
    48
    Fixed or repaired daily
     
  19. radiobirdman

    radiobirdman Well-Known Member Silver Stacker

    Joined:
    Apr 26, 2011
    Messages:
    2,260
    Likes Received:
    81
    Trophy Points:
    48
    Found on rubbish dump
     
  20. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    7,777
    Likes Received:
    7,199
    Trophy Points:
    113
    Hopefully the Government automotive industry assistance will finally end too.
     

Share This Page