none

Union plea to save manufacturing jobs

17-02-2012
by 
in 

The Australian Workers Union (AWU) has urged the Federal Government to do more to lower the Australian dollar to help Australian manufacturers.

The call comes after Alcoa announced it would review the future of its Port Henry smelter near Geelong, which could result in the loss of 600 jobs.

Alcoa says the smelter is no longer profitable due to increasing costs and the current exchange rate.

The company has not ruled out closing it after 40 years of operation.

Aluminium prices are currently at historic lows and raw materials such as alumina and bauxite are increasingly expensive.

AWU federal secretary Paul Howes said the high Australian dollar is threatening the manufacturing industry.

"I think the problem is the mining boom has created this paper boom, where on paper all the fundamentals in our economy look strong, Mr Howes said. “But the side effect, the by-product of that boom being this record high dollar, is creating havoc in a sector which employs up to five times as many people as the resources sector does."

Senior AWU executives have met with Alcoa management to discuss the situation, with both parties agreeing to engage in a detailed review of ongoing profitability.

Meanwhile, Labor backbenchers have called on the government to do more to support manufacturing jobs following the Alcoa announcement.
 

Related news & editorials

  1. 18.06.2018
    18.06.2018
    by      In
    Queensland-based electronics design and manufacturing company, Hetech, is collaborating with selected local engineering companies to increase its design capacity of up to 20 engineers.
    With defence projects such as the LAND400: Phase 2 arriving in Queensland, collaboration between local engineers... Read More
  2. 15.06.2018
    15.06.2018
    by      In
    The NRMA has chosen Australian-made electric vehicle chargers from Brisbane-based Tritium to equip its $10 million network planned for New South Wales and the ACT. The network, which will be the largest in Australia, will comprise 40-plus charging stations that will be free to use for NRMA members... Read More
  3. 14.06.2018
    14.06.2018
    by      In
    Australia’s Collins Class submarine fleet is set to receive significant sonar upgrades this year in a project led by Raytheon Australia and Thales Australia.
    In announcing the commencement of the upgrade programme, Minister for Defence Industry, the Hon Christopher Pyne MP, said that as the... Read More
  4. 14.06.2018
    14.06.2018
    by      In
    Australian-founded Ainsworth Game Technology has expanded globally since being established in 1995, today representing the fifth-largest gaming manufacturer in the USA. The company boasts a new state-of-the-art US$40 million facility in Las Vegas, which produces thousands of gaming machines per... Read More