[dodger]

Thousands of jobs will be lost..........

http://www.abc.net.au/news/2013-05-23/ford-poised-for-important-announcement/4707960

Ford Australia says it is poised to make an "important business announcement", amid speculation that the car-maker will confirm an end to all Australian manufacturing.

Ford executives have called a press conference at the company's Melbourne headquarters for 10:45am.

There are reports the car-maker will announce that it is shutting its Broadmeadows and Geelong plants from 2016, with the loss of thousands of jobs.

Federal Treasurer Wayne Swan is promising help for workers affected by the Ford decision, and says the Government will respond in detail after the company's announcement.

"The Government will do everything within our power to support workers and local communities that may be affected by a decision taken by Ford," he said this morning.

Ford first began making cars in Australia in 1925, when Model T cars began rolling off the production line in Geelong.

More to come.

[360c]

That will start the domino effect throughout the industry. The suppliers will go broke, GMH will pull out, game over.

[dodger]

That will start the domino effect throughout the industry. The suppliers will go broke, GMH will pull out, game over.

Yes absolutely, share market will tumble too I guess............

I wonder how these people will cope - THOUSANDS out of work, what on earth will they do ?

I wonder if a recession is looming for us.

[S4Simon]

THOUSANDS out of work, what on earth will they do ?

Sadly, I know exactly what these people are going to do...

[mondi]

Yes absolutely, share market will tumble too I guess............

I wonder how these people will cope - THOUSANDS out of work, what on earth will they do ?

I wonder if a recession is looming for us.

Not the only company that are having a huge shake up either........     

[flamestone]

Hilarious timing.  Hit the news while journos are supposed to be going over the latest and greatest from Holden.   

Full press release in less than 60 seconds...

[adam01]

Interesting to hear Canberra spin on this one .......from both sides given the handouts and what not

[flamestone]

It's official.   

This will be a big shake up.

[mondi]

The world is ENDING!!!!!!       

[adam01]

The world is ENDING!!!!!!       

But we have already passed Mayan date 21/12/12