Ford Australia is expected to announce its to shut its car plants in Melbourne and Geelong in 2016

  • 2000 jobs will be lost
  • Scheduled a press conference for 10.45am
  • The Broadmeadows plant and the body shop and engine plant in Geelong to close October 2016
  • The flow-on impacts into local manufacturing will cost many more jobs

This is a sign of the strain of the strong AUD on manufacturing and wage growth. Of course, AUD is lower over the past few weeks, but automotive manufacturers take these sorts of decisions months in advance