Opposition leader Bill Shorten has announced the opposition’s policy on metals manufacturing, with a six-point plan he has said would be enacted within 100 days of being elected.
A subsidiary previously slated for divestment may be the key to Arrium’s continued future. After their recent decision to place their underperforming mining and steelworks operations in voluntary financial administration, there were serious concerns for the company’s permanence. The company’s Moly-Cop business however, remains profitable and could play a critical role in their survival, according … Continue reading Arrium’s Waratah could keep the company afloat
The removal of Arrium’s original administrators was “disgraceful” and a result of lenders acting out of their own personal interests, according to acting Mayor of Whyalla Tom Antonio.
The OECD report Back to Work Australia makes some grim predictions for workers who lose their jobs. That is the potential threat facing some 7,000 Arrium employees
Industry minister Christopher Pyne has indicated that the next fleet of submarines would be built using Australian steel, when discussing the future of Arrium in an interview this morning.
Bankers for Arrium, which entered voluntary administration yesterday, have been urged by the South Australian government not to take legal action.
As steelmaker Arrium faces possible closure, some South Australian residents argue against a government bailout.
Jobs at Whyalla steelworks are under threat again, following the company’s bankers rejecting a bailout proposal and workers divided on a pay cut.
About 100 workers assembled in Adelaide on Saturday, demanding that the government build the next 12 submarines and patrol boats in the city or see 1,400 job losses.
WHEN the starter climbs the platform for the world’s richest horse race in Dubai on Saturday night, what happens next will be in the hands of a small company more than 10,000km away.
A budget boost for South Australia’s tech sector is expected, following the release of a report for the state government yesterday on increasing innovation.
South Australian premier Jay Weatherill has said he was confident General Motors would make an unnamed “financial contribution” to the state, following a meeting with GM executives in the US.
Former federal MP Greg Combet has quit his role as chair of the South Australian Automotive Transformation Taskforce after two-and-a-half years to work as a defence industry lobbyist.
The closure of Arrium’s loss-making Whyalla steelworks would have a greater impact on its community than the closure of Holden’s Elizabeth factory next year would, according to Professor John Spoehr.
A rescue package for Arrium’s Whyalla steelworks is being considered by the federal government, according to South Australian premier Jay Weatherill.
Boutique manufacturers Astir Frames, Bouwmeester Composites and Finch Composites are taking advantage of South Australia’s strong manufacturing history and access to university testing facilities to gain a foothold in the potentially lucrative cycling market.
ASC has laid off 110 workers at Adelaide, citing the need to meet “operational and performance demands”, as it enters a period of uncertainty leading up to the announcement of two major projects.
Punch Corporation, owned by Belgian businessman Guido Dumarey, might explore “alternative options” to keep car manufacturing alive in Australia post-2017.
It has been confirmed that Holden will cease local manufacture of Cruze vehicles in October, with around 400 jobs to also go as a result.
Arrium has announced that it will make 30 redundancies and will ask mining employees to take a temporary pay cut of 10 per cent.