Hundreds of jobs remain in limbo following automotive giant GM's decision to axe Holden by the end of the year.
Hundreds of jobs remain in limbo following automotive giant General Motors' decision to axe Holden by the end of the year.
It is the end of an era for one of Australia's most iconic brands, but GM pledges to offer generous redundancy packages to 600 staff across Australia and New Zealand. Image: News Corp Australia
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Hundreds to lose their jobs as Holden closes for good | Sky News AustraliaHundred of people are set to lose their jobs by the year's end as General Motors axes Holden after 72 years of operation in Australia.\n\nThe shutdown is expected to cost at least 600 jobs as General Motors ceases making vehicles suitable for Australian roads.\n\nIt comes three years after local manufacturing ended when the Holden plant in Adelaide was closed.\n\nGeneral Motors will no longer produce any right-hand vehicles.
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Axing of Holden is 'a day of great shame for Australia' | Sky News AustraliaSky News contributor Nicholas Reece says “I think it’s a day of great shame for Australia,” following Monday’s announcement General Motors will axe iconic brand Holden after 72 years of operation in the nation. \n\nGM International Operations Senior Vice President Julian Blissett released a statement explaining financial woes have led to the demise of Holden.\n\nThe shutdown is expected to cost at least 600 jobs as General Motors ceases making vehicles suitable for Australian roads. \n\nIt comes three years after local manufacturing ended when the Holden plant in Adelaide was closed. \n\n'It’s not just the end of a great Australian business but it’s the end of an era I think,' Mr Reece told Sky News host Peta Credlin. \n\nImage: Getty
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‘I was battling to hold back tears’ over Holden's demise: Mark Skaife | Sky News AustraliaRetired Australian motor racing driver Mark Skaife has revealed he was “battling to hold back tears” after hearing news General Motors will axe iconic brand Holden after 72 years of operation in Australia.\n\nOn Monday, GM International Operations Senior Vice President Julian Blissett released a statement explaining financial woes have led to the demise of Holden.\n\nThe shutdown is expected to cost at least 600 jobs as General Motors ceases making vehicles suitable for Australian roads.\n\n“I just never in my lifetime thought that there’d be a day where we would see Holden move out of this country,” Mr Skaife told Sky News host Paul Murray. \n\nThe six-time Bathurst 1000 winner said despite seeing “worrying signs” over Holden’s future, it didn't make Monday’s announcement “any less sad”. \n\n“The reality around football, meat pies, kangaroos and Holden cars, it’s been part of our psyche … it’s been part of the social fabric of Australia”. \n\nMr Skaife said the announcement will impact upon “Australian culture and the Australian landscape and the DNA of what we are as a nation and what we’ve manufactured and what we’ve loved”. \n\nImage: Getty
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Holden killed by ‘highly fragmented right-hand-drive markets’ | Sky News AustraliaGeneral Motors has blamed “highly fragmented right-hand-drive markets” for the downfall of Holden which will cost hundreds of jobs.\n\nGM International Operations Senior Vice President Julian Blissett has released a statement explaining the financial woes leading to the demise of Holden.\n\n“Through its proud 160-year history, Holden has not only made cars, it has been a powerful driver of the industrialisation and advancement of Australia and New Zealand,” Mr Blissett. \n\n“Over recent years, as the industry underwent significant change globally and locally, we implemented a number of alternative strategies to try to sustain and improve the business, together with the local team.” \n\nGeneral Motors also said it undertook a “detailed analysis” of the investment required for Holden to be competitive.\n\n “After comprehensive assessment, we regret that we could not prioritise the investment required for Holden to be successful for the long term in Australia and New Zealand, over all other considerations we have globally,” Mr Blissett. \n\n“This decision is based on global priorities and does not reflect the hard work, talent and professionalism of the Holden team.” \n\nThe shutdown is expected to cost at least 600 jobs as General Motors ceases making vehicles suitable for Australian roads. \n\nIt comes three years after local manufacturing ended when the Holden plant in Adelaide was closed. \nGeneral Motors will no longer produce any right-hand vehicles after 72 years of business in Australia.\n
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GM to scrap Holden brand in Australia and New ZealandBreaking General Motors has decided to retire the Holden brand in both Australia and New Zealand.
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Holden to be axed from AustraliaApproximately 600 jobs will be lost after parent company General Motors made the decision to wind up the iconic brand.
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