Hundreds of jobs remain in limbo following automotive giant General Motors' decision to axe Holden by the end of the year.
It is the end of an era for one of Australia's most iconic brands, but GM pledges to offer generous redundancy packages to 600 staff across Australia and New Zealand. Image: News Corp Australia
GM What about the rest of the story. GM are dropping RHD cars completely
GM What does limbo mean?
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Hundreds to lose their jobs as Holden closes for good | Sky News AustraliaHundred of people are set to lose their jobs by the year's end as General Motors axes Holden after 72 years of operation in Australia.\n\nThe shutdown is expected to cost at least 600 jobs as General Motors ceases making vehicles suitable for Australian roads.\n\nIt comes three years after local manufacturing ended when the Holden plant in Adelaide was closed.\n\nGeneral Motors will no longer produce any right-hand vehicles. Aus shdn't make itself so vulnerable by depending on other countries also is taking away Aus icon and giving to another country... Abbott quite literally dared them to leave, so they did. I suppose these aren't real jobs, like those in coal mines?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Axing of Holden is 'a day of great shame for Australia' | Sky News AustraliaSky News contributor Nicholas Reece says “I think it’s a day of great shame for Australia,” following Monday’s announcement General Motors will axe iconic brand Holden after 72 years of operation in the nation. \n\nGM International Operations Senior Vice President Julian Blissett released a statement explaining financial woes have led to the demise of Holden.\n\nThe shutdown is expected to cost at least 600 jobs as General Motors ceases making vehicles suitable for Australian roads. \n\nIt comes three years after local manufacturing ended when the Holden plant in Adelaide was closed. \n\n'It’s not just the end of a great Australian business but it’s the end of an era I think,' Mr Reece told Sky News host Peta Credlin. \n\nImage: Getty It was sad but inevitable. Ford wouldve gone the same way had it not come up with the ranger and fleet deals with the mondeo and fiesta/focus Thanks Joe! All Holden had to do was make a Car the us Aussies wanted to buy. Every business lives and dies by its bottom line. I liked the fact we tried to bale them out over many years. But the truth always catches up. GM never gave a shit about Australia. AND I just bought one, :(
Source: SkyNewsAust - 🏆 7. / 78 Read more »
‘I was battling to hold back tears’ over Holden's demise: Mark Skaife | Sky News AustraliaRetired Australian motor racing driver Mark Skaife has revealed he was “battling to hold back tears” after hearing news General Motors will axe iconic brand Holden after 72 years of operation in Australia.\n\nOn Monday, GM International Operations Senior Vice President Julian Blissett released a statement explaining financial woes have led to the demise of Holden.\n\nThe shutdown is expected to cost at least 600 jobs as General Motors ceases making vehicles suitable for Australian roads.\n\n“I just never in my lifetime thought that there’d be a day where we would see Holden move out of this country,” Mr Skaife told Sky News host Paul Murray. \n\nThe six-time Bathurst 1000 winner said despite seeing “worrying signs” over Holden’s future, it didn't make Monday’s announcement “any less sad”. \n\n“The reality around football, meat pies, kangaroos and Holden cars, it’s been part of our psyche … it’s been part of the social fabric of Australia”. \n\nMr Skaife said the announcement will impact upon “Australian culture and the Australian landscape and the DNA of what we are as a nation and what we’ve manufactured and what we’ve loved”. \n\nImage: Getty Mark_Skaife thats what happens when you have 30 yrs of economic expansion then base your economy on selling iron and coal to china the aus $ rises in value and it becomes unprofitable to manufacture in the country Mark_Skaife LNP your dependable economic managers. Mark_Skaife
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Holden killed by ‘highly fragmented right-hand-drive markets’ | Sky News AustraliaGeneral Motors has blamed “highly fragmented right-hand-drive markets” for the downfall of Holden which will cost hundreds of jobs.\n\nGM International Operations Senior Vice President Julian Blissett has released a statement explaining the financial woes leading to the demise of Holden.\n\n“Through its proud 160-year history, Holden has not only made cars, it has been a powerful driver of the industrialisation and advancement of Australia and New Zealand,” Mr Blissett. \n\n“Over recent years, as the industry underwent significant change globally and locally, we implemented a number of alternative strategies to try to sustain and improve the business, together with the local team.” \n\nGeneral Motors also said it undertook a “detailed analysis” of the investment required for Holden to be competitive.\n\n “After comprehensive assessment, we regret that we could not prioritise the investment required for Holden to be successful for the long term in Australia and New Zealand, over all other considerations we have globally,” Mr Blissett. \n\n“This decision is based on global priorities and does not reflect the hard work, talent and professionalism of the Holden team.” \n\nThe shutdown is expected to cost at least 600 jobs as General Motors ceases making vehicles suitable for Australian roads. \n\nIt comes three years after local manufacturing ended when the Holden plant in Adelaide was closed. \nGeneral Motors will no longer produce any right-hand vehicles after 72 years of business in Australia.\n They had no V8. That’s the reason no one bought that Eurotrash they forced on us. Wheres the PM and McCormack to protect the jobs. Surely they must care. Its all about protecting jobs. Jobs must be protected at all costs. Wait, Nope, not mining. Workers are on their own.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
GM to scrap Holden brand in Australia and New ZealandBreaking General Motors has decided to retire the Holden brand in both Australia and New Zealand. Sad, but it stopped being that a while back now anyway. Thank LNP for that. Kim Carr and all the unionists involved TAKE A BOW 🤔...... 😒🖕🏻
Source: SBSNews - 🏆 3. / 89 Read more »
Holden to be axed from AustraliaApproximately 600 jobs will be lost after parent company General Motors made the decision to wind up the iconic brand. so... Holden will be Holly Done! 🤔 NOOOOOOOOOOO :( So very sad for this iconic brand
Source: 9NewsAUS - 🏆 10. / 72 Read more »