Manufacturing could lose 400,000 jobs: Warburton

14-02-2012

The chairman of Manufacturing Australia Dick Warburton says up to 400,000 jobs are at risk without a proper industry plan balancing owners, managers, unions and the government.

In a recent interview with Business Spectator the former Reserve Bank board member called on government and unions to address current issues affecting the manufacturing industry.

"And it's not just the employment of people that's important, Mr Warburton said in the interview. “It's the cluster businesses that come to the side of that," he said. "If we get it wrong now ... we'll be on a downward spiral that would be very, very hard to stop. We're not at that tipping point yet, but boy it doesn't take long to get there if we don't correct things pretty soon."

"Clearly we need to improve our productivity. We're flat-lining at the moment on productivity," he said. "How do you improve productivity? There are a number of factors. There's IR laws, there's taxes. There's innovation, creativity."
 

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