Monday, 28 October 2013

More farewells to manufacturing and jobs...

The future of more than 500 people in Orange who work for Australia's last refrigerator manufacturing plant may be decided on Thursday night (AEST) at a company boardroom in Stockholm.
A spokesman for Electrolux which employs 544 workers at the Orange plant said its future was ''high up on the agenda'' for discussion at the board meeting in Sweden. It is expected the board will decide whether to close the plant which injects an estimated $33 million into the local economy each year.

But not to worry there's more froth to be added to the housing bubble with keen rival MacBank ready to crash the party (Macquarie eyes a slice of Australian banks' home mortgage pie).  At a time when teenagers and toddlers are having houses and apartments bought for them in panic !

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