Home / Knowledge / News / Textiles / Liberals consider cuts to Auto & TCF industries
Liberals consider cuts to Auto & TCF industries
22
Jan '10
The Shadow Treasurer flagged cuts to industry assistance for the automotive and textile, clothing and footwear (TCF) industries - a move that would cost thousands of jobs.

Comments by Mr Hockey that the Opposition would look seriously at cutting industry assistance to Australian manufacturing should send a collective shiver down the spines of the one million workers and their families whose livelihoods depend on this vital sector.

JOURNALIST: The Productivity Commission has given the Government some ideas as to where to find big savings in the future by axing the billions in subsidies to the car manufacturing industry and the textile industry. Do you support that idea?

HOCKEY: This is something that needs to be looked at seriously if you are going to improve productivity in Australia... (ABC AM)

Mr Abbott must come out immediately and rule out cuts to assistance to the automotive and TCF industries under the Liberal Party.

This speculation about cuts by the Liberals undermines confidence and investment and has the potential to send industries offshore, costing Australian jobs.

These comments come at a time when the manufacturing sector is emerging from the worst global recession in a generation and maintaining local jobs couldn't be more important.

The comments also put Mr Hockey at odds with the Shadow Innovation Minister, Sophie Mirabella, who has said in Parliament about TCF manufacturing:

We would be absolutely foolish to allow the exportation of entire industries overseas. I am on the record on this. Even before I was elected, I campaigned very heavily and argued quite strongly on such an issue. (18 March 2009)

Mr Hockey's comments are further evidence that you can't trust Tony Abbott and the Liberal Party when it comes to the economy.

Minister for Innovation, Industry, Science and Research


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search