Federal treasurer Joe Hockey has said that government assistance would not be given to “lazy” companies, seizing on comments by a General Motors executive.
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Alcoa 2012 bailout made to buy time for former government: Kennett
Former Victorian premier Jeff Kennett has said the former federal government’s 2012 cash injection to attempt to save the Alcoa Point Henry smelter was merely about trying to “save face”.
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Robb says structural change preferable to handouts
Trade minister Andrew Robb and others within the federal government are showing their opposition to industry assistance.
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Alcoa not seeking government help for Point Henry smelter
Alcoa has reportedly given up trying to secure subsidies from the Victorian or federal governments.
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Decision on Alcoa Port Henry smelter to come in March
Alcoa’s Port Henry aluminium smelter at Geelong will have a review of its operations handed down in March.
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Defence industry worried about federal spending
Defence industry figures have expressed concern at the likelihood the federal government will not be able to increase spending in the next two budgets.
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Wollongong gets new steel innovation hub
A new Steel Innovation Hub, based at University of Wollongong, has been announced, partnering companies such as BlueScope with the university.
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Abbott tells businesses not to expect subsidies
Prime Minister Tony Abbott has sent a strong message to businesses not to expect handouts from his government.
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Abbott announces $100 m for Holden workers, puts competitiveness on agenda
Prime minister Tony Abbott has announced strategic reviews of the South Australian and Victorian economies.
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Govt critical of Holden silence on manufacturing plans
The tension between the federal government and GM Holden has increased, with the Coalition urging the car maker to state whether or not it will continue manufacturing in Australia.
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Holden is one piece in GM’s global restructuring puzzle
In the wake of the global financial crisis, Holden’s parent company, General Motors was placed on life support.
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Macfarlane could make announcement on Innovation Precincts before Xmas
In an apparent change of heart, industry minister Ian Macfarlane has spoken in favour of the former government’s Innovation Precinct program.
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Stop subsidising car makers, says FMG chief
Fortescue Metals Group’s CEO Nev Power has told a business event that subsidies to auto makers needed to end.
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AMWU pushes govt for early decision on car industry
Auto workers are pushing the Coalition Government to bring forward its decision on auto industry funding before it's too late.
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Leaked expert report warns of difficulties in adapting after Holden exit
A confidential leaked report by chair of South Australia’s Advanced Manufacturing Council has detailed plans on how the state might cope with the closure of Holden’s Elizabeth factory, which could happen as soon as 2016.
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Holden shutdown would cost 13,000-plus SA jobs
The end of manufacturing for Holden at Elizabeth would be disastrous for SA, costing $1.24 billion and 13,200 jobs according to economic modelling from the Adelaide University.
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Holden workers get pay rise as company’s future hangs in the balance
Holden’s workers will get a 3 per cent wage increase beginning on November 15 as the federal government decides on a new cash injection to keep the car company manufacturing in Australia.
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Devereux departure difficult for Holden negotiations: Weatherill
South Australian premier Jay Weatherill has said that the departure of Mike Devereux, Holden’s managing director, has made negotiations between the car maker and governments for further assistance more difficult.
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End of Holden’s manufacturing operations in Australia would cost $600 million
GM Holden has reportedly attached a price of $600 million to shutting down its car making in Australia.
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Government should promote local purchases: SPC Ardmona
Peter Kelly, the managing director of SPC Ardmona, has said that the federal and Victorian governments should be supporting local food processors and farmers by encouraging public institutions to source locally-made food.
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