Holden’s Adelaide manufacturing workforce has agreed to revised employment conditions that include a three-year pay freeze to help protect the company’s future as a local manufacturer. The Australian Manufacturing Workers ...
Tags: Holden, Pay Freeze
Australia’s peak national motoring organisation says the Federal Government’s $200 million assistance package for the local car industry is an admission that its changes to the fringe benefits tax (FBT) rules were a mistake. ...
Tags: Package Announcement
Ford Australia will cut vehicle production in the lead-up to September’s federal election following record-low sales, which the company has blamed primarily on the government’s proposed fringe benefits tax (FBT) rule changes. ...
Tags: Ford Australia
Business confidence levels are showing signs of stabilising, with the year-end outlook for profits, sales, employment and capital investment beginning to level out. After declining through much of the year, initial expectations for the ...
The federal governments proposed changes to the fringe benefits tax might pass through the senate before the election, if Kevin Rudd has his way. Mr Rudd has been in contact with numerous world leaders in regards to the G20 summit and is ...
Tags: Fringe, Transportation
The Australian share market fell today as Japan's share market succumbed to profit taking, reports from Orica and Santos disappointed the market, and some traders predicted a sharp fall in the US share market. Investors were sidelined ...
Tags: Japan Fall, US Worries
Total Australian truck sales for the first six months of 2013 registered 15,074 units, reports the Truck Industry Council (TIC). This is the best result since the record first half established in 2008, just prior to the Global Financial ...
Tags: Truck, Transportation
The 2013 DHL Export Barometer reveals the continuing hurdles of a strong Australian dollar and a plunging business outlook from the mining sector have impacted exporters’ profitability outlook but not their confidence. Exporter ...
Tags: Australian, Dollar, Service
After spending $1.5 million on its latest report on Wilton, which comprehensively dismisses the location as unsuitable for a large international airport, federal infrastructure and transport minister Anthony Albanese has responded swiftly ...
Plans announced by the Coalition to review the Road Safety Remuneration Tribunal in the event of winning September’s Federal election ignore all of the evidence collected over twenty years showing a direct relationship between pay and ...
Tags: Coalition, Coalition IR Policy
Australian businesses will keep cutting their spending this year, with expectations for capital investment, employment and new credit set to fall further. The deteriorating outlook for the September quarter suggests that despite pockets ...
Fewer executives are planning to make a capital investment in their business during the coming months, with investment expectations among Australian businesses fading in the lead-up to the middle of the year. Amid a broad drop-off in ...
Investors ignored positive offshore leads yesterday as political uncertainty grew following the dramatic events in Canberra throughout the afternoon. The benchmark S&P/ASX 200 closed down 0.2 per cent at 4959.4 points, reversing an early ...
Tags: benchmark, Canberra Chaos, Reverse
INVESTORS traded through the political leadership drama in Canberra yesterday with an eye firmly on the federal election in September, encouraged that almost three years of minority government that has contributed to uncertainty on policy ...
Political uncertainty may add to pressure on the sharemarket after Julia Gillard accepted a request from Labor Party powerbroker Simon Crean for a party vote on who should lead the party to the federal election in September. The ...
Tags: Stocks, Political Uncertainty, economy