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1.Market Observations, 5.Troubled companies

19 Feb 2014 (TheAge, SMH) – Geelong optimistic about jobs despite factory closures

(19 Feb 2014, The Age, p4, Clay Lucas)

‘It is an exodus on a scale not seen before in Victoria’s second city: Ford, Qantas, Alcoa and perhaps Shell will all soon be gone. Ford’s pull-out will see 510 manufacturing jobs go in late 2016 (although hundreds of design jobs with Ford will stay). About 300 airplane maintenance jobs will go at Qantas’ Avalon hangars in March. Alcoa’s 800 jobs in Geelong will be gone by the end of this year, as may 500 at the Shell refinery, which is up for sale.’


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