Australia’s ailing auto industry has suffered another blow with car maker Holden axing 170 jobs just a day after a key component manufacturer closed its doors and stood down about 400 workers.
Holden said falling demand for its locally built vehicles, due to the high Australian dollar, had forced its hand.
The company said the job losses at its Adelaide assembly plant were necessary to ensure its manufacturing operations in Australia remained viable over the next decade.
‘Situations like this are always difficult and this decision has not been made lightly,’ the company said in a statement on Friday.
‘Every effort has been taken to avoid this decision, including the use of market response days.
‘However, current new car demand necessitates a reduction to permanent employees.’
Holden said it expected to achieve the job cuts through voluntary redundancies by the end of this year…
Choosen excerpts by JMM from
Job Market Monitor 
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