After GMs withdrawal, Ford says its staying put
Ford will commit $500 million into the Australian market in 2020 and is very likely to employ more staff as international automotive giant General Motors prepares to stop at the end of the year.
After shutting the business’s local production operations in 2017, GM will now retire the Holden brand in both Australia and New Zealand, axing about 600 jobs.
Federal industry minister Karen Andrews said with a workforce of just over 2000 people, the authorities do not expect Ford to follow General Motors’ footsteps.
GM and Holden have vowed to work together with each of their employees offering generous redundancy packages to staff throughout Australia and New Zealand, with most expected to be gone by June.