The mood among Australian manufacturers has dived as the economic outlook darkens. Manufacturing businesses have reported a pullback in new orders, stubbornly high costs for materials, energy and labour and ongoing worker shortages. Souring conditions have prompted the drop off in confidence as measured by Westpac and the Australian Chamber of Commerce to levels last…
Australian Government Promises $48 Million to Bolster Aussie Manufacturing
The Morrison government has announced amid its election campaign a total of $48 million (US$33.4 million) in grants for seven South Australian manufacturing businesses in hopes of bringing manufacturing back to Australia. Minister for Industry, Energy, and Emissions Reduction Angus Taylor said South Australia has a long and proud history in manufacturing. “This funding is…
Australians Call for Greater Sovereign Manufacturing Capability: Poll
A significant majority of Australians believe it is critical for the country to have domestic manufacturing capability for its own vital supplies, according to new polling data from the Institute of Public Affairs (IPA). China’s growing assertiveness in the region, Russia’s invasion of Ukraine, and the COVID-19 pandemic have led to overwhelming concern in the…
Aussies to Wait 2 Years Before Used Car Prices Drop
March 2, 2022
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Australians looking to buy a reasonably priced car may need to wait for another two years for prices to go back down, and even then, its unlikely to go down to pre-pandemic prices. Ajay Bhatia, the managing director of Carsales Australia, told The Epoch Times that he believes car prices have plateaued and will remain…
Holden’s 73rd Anniversary: Reflections on Australian Manufacturing
Commentary The post-World War II era was a golden age for Australia. Australians were united around their shared values, including democracy, egalitarianism, free speech, and the fair go—along with widespread economic growth and prosperity. This period gave birth to what cannot be called the Australian “dream” because it was so widely attained: owning a home…
Bring Manufacturing Jobs Back Home: Australian Manufacturing Union
The Australian Manufacturing Workers Union has launched a new campaign to bring manufacturing back onshore, by calling on the government to support their local producers. The campaign argues that the federal and state governments have been hurting Aussie manufacturers by sending jobs overseas, “time and time again,” while neglecting investment into skilled local manufacturing workers. They…
Bring Jobs Back Home: Australian Manufacturing Union
The Australian Manufacturing Workers Union has launched a new campaign to bring manufacturing back onshore, by calling on the government to support their local producers. The campaign argues that the federal and state governments have been hurting Aussie manufacturers by sending jobs overseas, “time and time again,” while neglecting investment into skilled local manufacturing workers. They…
Australian Manufacturing Grows at Fastest Rate in 3 Decades Despite Massive Labour Shortages
June 30, 2021
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According to the nation’s peak industry group, Australia’s manufacturing sector delivered its highest monthly growth in almost 30 years. The Australian Industry Group’s (Ai Group) Australian Performance of Manufacturing Index (pdf) rose by 1.4 points to 63.2 points in June, which is the highest score since the Index began in 1992. “The 2020-21 financial year…
Future of Thousands of Steelwork Jobs in the Air
April 7, 2021
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Thousands of South Australians are looking to the federal government for assurance as the future of Whyalla Steelworks operations remain uncertain. Whyalla’s owner, Sanjeev Gupta, chairman of GFG Alliance, was taken to court by Credit Suisse on Tuesday over the financial collapse of one of its biggest lenders, Greensill. Following its collapse, Credit Suisse is…
Steelmaker Warns Jobs at Risk Without Higher Tariffs
April 6, 2021
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Steelmaker Molycop has warned it could lay off 300 jobs—over half of its Australian workforce—if the Anti-Dumping Commission does not agree to raise tariffs on Chinese competitors. President of Molycop’s Australian branch, Michael Parker, told The Australian that the company would consider ending local steel production and instead manufacture their products with cheap Chinese imported…
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