Abbott Offers $100 Million Employment Fund For Car Workers

In the aftermath of the announced departures of Ford and Holden, Prime Minister Tony Abbott today announced a $100 million employment fund for Victoria and South Australia.

Abbott

Details of the assistance package won’t be decided until the second half of 2014 but Abbott said the money would be spent on “economically responsible” projects.

The federal government will provide $60 million whilst Victoria and South Australia will each contribute $12 million. Holden will be asked to provide $20 million. [Read more…]