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GM to axe 500 Oz jobs

2013-04-09 11:59

OZ JOBS TO BE SLASHED: GM will cut more than 500 jobs in Australia by August 2013. Image: AFP:

DETROIT, Michigan  - General Motors plans to shed 500 jobs in Australia because of weakening demand for its Holden (Chevrolet) Cruze and a high Australian dollar.

The Detroit News reported that production at its Holden plant in south Australia would be cut from 400 cars a day to 335 by August 1 2013. The move will cut about 400 positions from its Elizabeth production facility.

TOO EXPENSIVE TO BUILD

Another 100 Holden hourly product development jobs in Victoria will be lost. GM has about 4200 employees in Australia. GM, the DetNews added, said the appreciation of the Australian dollar meant it was 60% more expensive to produce cars in Australia than it was a decade earlier.

Ford's Australian division, the newspaper added, cut production by 30% in 2012 and shed one in seven jobs after sales of its flagship Falcon car and trucks slumped.
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