Ajax Fasteners Are Back in Business
The day shift at Ajax Fasteners arrived for work this morning as the Administrators re-opened the factory. The major Australian car manufacturers have undertaken to meet the operating costs of the factory while the Administrators search for a buyer for the company.
As a spokesman for the Australian Manufacturing Workers Union pointed out, the problems faced by Ajax are indicative of a deeper problem faced by the industry as a whole.
Until that problem is solved trhe industry will continue to lurch from one crisis to another. I think the next major signpost to the health of the industry will be the August sales figures from Holden and Ford.
Both manufacturers have new models but will they appeal to the market place?
November 27th, 2006 at 6:17 am
[...] Back in August Ajax Fasteners was in the news for all the wrong reasons. The company supplied nuts and bolts used in various sub-assemblies in the cars produced by Ford and Holden. [...]