Tas: Auto industry shock, car parts maker in administration

AAP General News (Australia)
08-26-2009
Tas: Auto industry shock, car parts maker in administration

A Tasmanian car parts manufacturer vital to the entire Australian auto industry has
gone into voluntary administration.

This is despite Industry Minister KIM CARR announcing in June that Automotive Components
Limited would receive a seven million dollar grant to stave off insolvency .. and save
the jobs of 280 workers at the Launceston plant.

ACL makes components critical to the automotive industry .. including engine bearings
and gaskets in Bass .. the seat of federal Labor MP JODIE CAMPBELL .. and employs over
300 people in Tasmania and Queensland.

The company says unions are holding emergency meetings with workers .. whose futures
are now unclear.

Senator CARR said in June that five thousand people would face unemployment across
the industry if ACL closed.

AAP pc/rt

KEYWORD: ACL (HOBART)

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