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Times are tough for Australian manufacturing even though the Australian dollar has fallen from its recent highs. But while some companies are struggling to survive by going off-shore, a big US company is reversing the trend. Weir Minerals has moved its divisional headquarters to Australia to be closer to the production phase of the mining boom. Source: abc.net.au
An edited version of Coalition Leader Ted Baillieu's speech on election night.
This week's confirmation that Ford is pulling out of Australia has highlighted the financial fragility of other much smaller companies. Michael Brereton is executive director at the insolvency firm KordaMentha, which is perhaps best known for for its adminstration of Ansett more than a decade ago. Mr Brereton is also the vice-president of the Insolvency Practicioners Association.