Ford to Stop Car Production in Australia in 2016
Ford is not being able to remove the challenges that the market has been posing since the 2008 Global Meltdown in Australia.
Ford Australia’s chief, Bob Graziano, has decided to close down its manufacturing operations in Australia by end of 2016. This decision will be resulting in loss of 1200 jobs, but the car maker is constrained to take this decision as this year they have suffered heavy losses worth 136 million US dollars.
Bob said that this year the company has suffered a business loss of $136 million in Australia and he loss figure has been more than 600 Australian dollars in last 5 years. These plants closure will be resulting in loss of 1200 jobs for which the company felt very sorry
