Australia’s automotive fallout

Following recent announcements by Toyota and Holden that they will be closing their Australian automotive plants by 2017, ESSA has gone off to explore the data behind the local car industry and present some facts and figures for our readers.

People are not buying Australian-made cars because they don’t want to buy Australian-made cars — Treasurer Joe Hockey

We are looking at a potential recession all along the south-eastern seaboard — Australian Manufacturing Workers


2 thoughts on “Australia’s automotive fallout”

  1. It’s awesome that if you click just above the graphs, the data changes automatically!

    Although the data seems to indicate a trend of net underlying job creation, it doesn’t actually tell us what these newly created jobs actually are. Those made redundant from the closure of Holden and Toyota’s Australian manufacturing are likely to have a certain set of skills that are not transferrable to other sectors of the economy (i.e., services based sectors).

    Coming from an eco background, I initially viewed this issue more harshly than I should have. But having read Sally Weller’s article on the social costs of mass retrenchments, I have taken a more hesitant tone.

    • Good point Theo. Unfortunately the skill sets (or mismatches), as well as the timing and location/concentration of the imminent redundancies will mean more than just the raw macro figures presented. Victoria faces the greatest job losses, whilst the South Australian economy will be most at danger.

      I’m glad you bring up the social cost of unemployment. I think that’s a misunderstood and ignored problem that definitely needs attention, particularly in situations like these.

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