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11 Feb, 2014

Toyota to exit Australia in 2017, costing 30,000 jobs

he end of Australia’s car manufacturing industry has arrived, with Toyota on Monday telling its 4200 local staff it will no longer make cars in Melbourne beyond 2017.

A small army of security guards assembled at the company’s Altona plant in Melbourne, ahead of the annual address by Toyota Australia president Max Yasuda on Monday afternoon.

They were told of Toyota’s decision to end local manufacturing in 2017, with an estimated 2500 manufacturing workers to lose their jobs at Toyota’s Altona plant.

In less than 12 months, all three of Australia’s car manufacturers – Ford, Holden and now Toyota – have pulled the pin on the local industry.

Read the rest: Toyota to exit Australia, 30,000 jobs could go – Sydney Morning Herald.