$10m aid for axed holden workers

  1. 3,412 Posts.
    Hmmm. This will set a precedent. Mitsubishi and Ford will be next in line.

    $10m aid for axed Holden workers
    From: AAP

    A $10-million support package would help 1400 workers who would lose their jobs at Holden's Adelaide assembly plant, Prime Minister John Howard said today.

    The federal and South Australian governments have pledged the money after Holden said it would axe the third shift at its Elizabeth plant following a slide in demand for the locally built Commodore.

    Holden will wind down the third shift by the end of this year with the loss of 1,000 jobs.

    A further 400 jobs will go by the middle of next year as the workforce is cut further through voluntary redundancies.

    Mr Howard today said the Federal Government would contribute $7.5 million to the package, with the remainder to come from the SA government.

    "This package will involve labour market programs to provide intensive assistance to displaced workers," Mr Howard said.

    "I think this is a very appropriate response by the two governments which will send immediate reassurance to the workers.

    "I hope that as the redundancies occur that people will find alternative jobs."

    Mr Howard said today's package was similar to the one established when Mitsubishi ceased operations at its Tonsley Plant in Adelaide.

    South Australian Treasurer Kevin Foley said he was not surprised at Holden's announcement but the news was extremely disappointing.

    He said he was confident displaced workers would be able to find new jobs.

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