REDUNDANCIES – VICTORIA

‘It’s sunk in’: Toyota’s Altona plant grinds to a halt

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Original article by Nick Toscano
The Age – Page: 21 : 4-Oct-17

The closure of Toyota’s car plant in Victoria will result in the loss of 2,600 direct jobs. However, government modelling shows that component suppliers will shed about 3,000 jobs as a result of Toyota’s decision to end local manufacturing. At least 16 suppliers expect to cease trading, while 25 intend to reduce their workforce. Dave Smith of the Australian Manufacturing Workers’ Union notes that about 50 per cent of Ford workers have not secured full-time employment 12 months after Ford ceased local manufacturing. Holden’s plant in Adelaide will close later in the month.

CORPORATES
TOYOTA MOTOR CORPORATION AUSTRALIA LIMITED, FORD MOTOR COMPANY AUSTRALIA LIMITED, GM HOLDEN LIMITED, AUSTRALIAN MANUFACTURING WORKERS’ UNION, MITSUBISHI MOTORS AUSTRALIA LIMITED, VICTORIA. DEPT OF ECONOMIC DEVELOPMENT, JOBS, TRANSPORT AND RESOURCES, VICTORIAN AUTOMOBILE CHAMBER OF COMMERCE

Coles takes axe to workers

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Original article by Richard Gluyas
The Australian – Page: 19 : 3-Sep-14

Analysts are not certain yet how extensive the downsizing moves by John Durkan, the new CEO of major retailer Coles, will be. It is being forecast that between 10% and 20% of the 3,000 staff at its head office in Melbourne may be made redundant, in a bid to cut costs. Experts note that Coles is trying to maintain its ability to compete on price in the groceries sector with rival supermarket chains Aldi and Woolworths. Others say parent Wesfarmers should have detailed the job cuts during the results presentation in August 2014

CORPORATES
WESFARMERS LIMITED – ASX WES, COLES GROUP LIMITED, WOOLWORTHS LIMITED – ASX WOW, ALDI STORES SUPERMARKETS PTY LTD, SHAW STOCKBROKING LIMITED

Academics plead to save course

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Original article by Ben Potter
The Australian Financial Review – Page: 4 : 7-Aug-14

Concern has been expressed about La Trobe University’s plan to downgrade the status of economics in its curriculum. The university proposes to abolish its stand-alone economics degree and integrate it into the Bachelor of Commerce, while academic staff will be slashed. Economics professors at rival universities are among those who want La Trobe to back down. Falling demand for economics courses has prompted the decision

CORPORATES
LA TROBE UNIVERSITY, THE AUSTRALIA AND NEW ZEALAND SCHOOL OF GOVERNMENT LIMITED, UNIVERSITY OF MELBOURNE, DELOITTE ACCESS ECONOMICS PTY LTD, AUSTRALIAN FAIR PAY COMMISSION, MONASH UNIVERSITY, ECONOMICS SOCIETY OF AUSTRALIA, THE GROUP OF EIGHT LIMITED, AUSTRALIA POST, LINFOX PTY LTD, ACTU, INCITEC PIVOT LIMITED – ASX IPL, WESTPAC BANKING CORPORATION – ASX WBC, JC FLOWERS AND COMPANY LLC