Ford shock: Broadmeadows jobs among 440 to go
FORD will slash 440 jobs from its Broadmeadows and Geelong plants because of a slump in market demand.
The axing of more jobs, announced this morning, will result in a cut to production from 209 to 148 vehicles a day.
The 440 redundancies will be offered across the business, primarily from manufacturing operations.
It comes less than a year after Ford slashed 240 factory working jobs from Broadmeadows and Geelong due to dwindling demand for its vehicles, reducing daily production from 260 to 209 in the process.
In January, the Weekly reported that the federal government would provide $34 million towards a total of $103 million in funding towards manufacturing at Ford.
Ford Australia president and CEO Bob Graziano said the reductions were necessary in order to provide more stability and certainty for the company.
‘‘We understand that, unfortunately, the impact on our employees will be significant, but implementing this structural change is essential to ensure the longer-term health of the business, which is important for our employees, our suppliers and the communities in which we operate,’’ he said.
Mr Graziano said all employees who took up the redundancy would receive a competitive redundancy package, including training and career counselling.
‘‘We will work closely with them and our union partners to help our employees make the transition successfully.’’
More to come.