Occupy Sydney Headline Animator

Thursday, 22 March 2012

Oz Govt $275m bailout of Transnational General Motors

The Gillard Government has kindly provided another $200m of your tax dollars to General Motors Holden after threats that the company could withdraw manufacturing from Australia... more 
 In January Ford was the beneficiary of a similar $100m bailout...  

 While labor union AMWU understandably enthuse over the deal , concerns have been expressed both locally and internationally. In Canada Chrysler and General Motors received $14.5billion in taxpayers largesse   while the USA taxpayer contributed $24.9billion to automakers .

 In Canada the Public auto bailout cost $474,000 per GM employee

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