Adelaide | At Holden’s Elizabeth dealership, Paul Page is trying hard to find a smile for the camera. He squints into the day’s muted sunlight, stretches his lips, and manages a half-sneer.
Page is trying, desperately, to sell the positive spin. All he’s really managing to do is look bone-tired.
News about Holden travels fast in Elizabeth. By 2.20 one of his salespeople had heard the bad news from her brother, who works at the plant.
Page immediately called a whole-team meeting.
“We move on,” he told staff.
“Nothing really changes. If anything this is going to allow us to have a larger global product range.”
Page’s dealership is strung with little framed photos of the Central Districts’ football players it sponsors. Holden’s the club’s biggest sponsor – no-one’s Full Story »
Analysis | The devastating news of Holden’s closure in 2017 will transform the dynamics of the upcoming State election.
While it’s unlikely to save all of the marginal Labor seats under threat in Adelaide’s suburbs, it could at least buffer the party from the wider electoral wipeout that has been threatening.
It will also focus voters’ minds on something that has been mostly absent from political debate for too long – industry policy.
After the pain of the initial blow subsides, voters will ask both parties – what next?
So far neither has articulated a credible plan for economic growth, with Jay Weatherill pitching an old-fashioned Left concept of an economy forever propped up by government spending, and Steven Marshall offering little more than free-mar Full Story »
With the much-vaunted Olympic Dam “economic transformation” axed in 2012 and yesterday’s announcement of a staged exit for Holden, South Australia’s economy is in reverse.
Official figures show economic activity in SA has been negative in four of the last six quarters.
The trend in our unemployment rate remains the worst on the mainland.
Almost every estimate of revenue and economic growth in last week’s Mid Year Budget Review is out of whack after yesterday’s decision by Holden to stop making cars in Australia.
The BHP decision on Olympic Dam came in response to global trends in mineral prices; the Holden decision came in response to global currency trends.
So, what’s our plan to build an economy that isn’t so easily buffeted by global winds Full Story »