Green subsidies no ‘free for all’: Chalmers
Amid warnings over the government’s recently announced Future Made in Australia plan, Treasurer Jim Chalmers said taxpayer funds would not be wasted.
Manufacturing
Company collapses with $2.5m debt
A “chain reaction” from other companies going bust and a challenging environment has forced an 18-year-old firm to go under.
400 workers strike at ‘pig-headed’ giant
Hundreds of workers will strike for 24 hours in a long-running pay dispute with an electricity giant after the company allegedly rejected a new offer from the union.
Historic gold mint releases new coins
Australia’s largest precious metals mint will celebrate 125 years in operation with the release of five special coins, including a gold coin with a mintage of just 500.
Brutal rift over major gas claims
A war of words has erupted between two Labor ministers with each other pointing the finger over a major shortfall facing Victoria.
Two workers killed in separate incidents
Tragedy has struck at two separate worksites within hours of each other.
Aussie company spruiks new $800m wind farm
The chief executive of a growing renewable energy company says the proposed location for a new 300MW wind farm “ticks all the boxes”.
Secret to improving lives of Aussies revealed
Australia’s 2.6 million small and medium businesses could be key to unlocking the next wave of productivity growth.
Honda fuel pump defect affects thousands
Honda has been forced to recall more than 50,000 cars across various models for a defect that was the subject of the same warning four years ago.
‘Soul destroying’: Jobs lost in firm collapse
The livelihoods of 55 people have evaporated after a 50-year-old construction company went bust with $20m in debt.
Reason for urgent recall of 2k luxury cars
Transportation safety officers have issued an urgent warning for this legendary luxury brand, warning of a manufacturing defect.
Sinkholes above M6 project ‘not connected’
There is no connection between two sinkholes which opened up above the embattled M6 Tunnel project, a contractor says.
ASX resets record close thanks to banks
Buoyed by a bumper session for Australia’s largest retail bank, the benchmark set a record close on Thursday.
Aussies nervous as economy slows
Under pressure from soaring interest rates, elevated inflation and mortgage costs, households have cut back on spending for non-essential items like cars and coffees.
ASX edges lower as consumer stocks slip
Shares slipped for a second straight session on Tuesday as consumer stocks weighed on the benchmark index.
ASX retreats from record high
Shares slipped on Monday as iron ore miners sank and fears intensified of a weaker-than-expected GDP reading in the final three months of 2024.
ASX resets record high
The local share market was off to a record breaking start in March, as fresh highs on Wall Street and positive manufacturing data from China bolstered the benchmark.
Urgent recall of 30k Aussie vehicles
One of the world’s biggest car companies has just issued a massive recall for nearly 30,000 Australian vehicles.
ASX edges higher as Coles, Woodside rally
With profit season nearing its end, the share market advanced for a fourth straight session on Tuesday.
Debts explode in $45m company collapse
The debts of a collapsed group of companies have snowballed as liquidators wade through the mess.
Worker burned in horror chemical fire
Firefighters are battling a chemical fire outbreak at a major steelworks, with at least one worker injured.
‘Grown men crying’ amid $45m collapse
The Federal Court has put a limping company out of its misery weeks after all staff were brutally sacked.
Utes, SUVs risk price hikes, industry warns
New vehicle emissions caps, designed to force car makers to offer more low emissions models to Australia, could crimp the supply and affordability of utes and SUVs, the automotive industry has warned.
Aussie dream dying as new loans collapse
The dream of owning your own home has motivated millions to save over generations, but the latest data on new loans for first home buyers suggests many Aussies are giving up.
ASX dives as Fed dampens rate cut hopes
After climbing to a record high on Wednesday, the share market lost ground as US Federal reserve chair Jerome Powell warned rate cuts by March were “unlikely”.
$2.3bn project held to ransom over pay demand
Striking workers have put a $2.3bn green energy build at risk over demands of a 17 per cent uplift in pay.
Cleaning brands collapse, 120 staff sacked
Up to 120 staff have been sacked after a maker of major Australian household cleaning brands collapsed, with a buyer now being sought for the business.
‘Losing money’: Small firms under threat
Businesses have been “significantly impacted” and are losing money because of strikes at the nation’s ports, the boss of one company says.
Price hike fears over shipping turmoil
Consumers risk facing price hikes on everyday products, including white goods and pharmaceuticals, as chaos in the shipping industry at home and abroad threatens to blow out delivery times and increase costs.
ASX-listed weed company goes bust
The company behind the largest cannabis manufacturing facility in the southern hemisphere has entered administration amid “disunity” at board level.
Original URL: https://www.news.com.au/finance/business/manufacturing/page/5