Rising energy costs force job cuts at Victorian textile factory

energy costs

Australian Textile Mills (ATM) has requested voluntary redundancy applications from 20 of its Wangaratta factory staff. The company has cited rising energy costs as a major factor in this decision.

ATM hopes to make job cuts before the end of September. While energy costs were a major influencing factor, the company has also cited international trade agreements allowing competing products to enter Australia and sell for lower prices, as well as the advance of manufacturing technology.

The company has stated it also intends to change some of the ways it makes its specialist textiles, in order to be more energy-efficient.

According to ATM, the job cuts will not affect its base line employment figures of approximately 200 jobs across the textile group.