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MAY 23, 2013 - New Statesman

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Ford to close two production plants in Australia

The closures are expected to axe 1,200 jobsFord Motor Company is planning to close its two production plants in Australia by the end of 2016, primarily due to high business costs in the country compared with Europe and Asia. The automaker, which began production in Australia in 1925, currently operates two  plants in the state of Victoria. Bob Graziano, president of Ford Australia, said: “Our costs are double that of Europe and nearly four times Ford in Asia.” Graziano added: “We also modelled some pretty aggressive assumptions about government support and labour ... Read More

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