The initial outcomes of transitional programs for the automotive industry was released in a report on 17 December 2019.
Transition support for workers and supply chain businesses was introduced following closure announcements of the Ford, Toyota and Holden production plants in 2013 and 2014.
Early results of the transition support provided through government-funded programs is encouraging.
Of those businesses that participated in the Automotive Transition Scheme, about 75% remain in business, albeit with reduced workforces.
Ford, Toyota and Holden allowed a 3-year transition to wind down their operations. This allowed for supply chain businesses to transition and diversify their business.
The Australian, South Australian and Victorian governments designed complementary transition plans to support supply chain businesses to plan, re-invest and develop new capabilities and markets.
Governments and car makers also recognised the significant impact on workers and their families, with funding available to support workers to transition to new opportunities.
The report identifies a number of lessons learned:
Key business characteristics to enable successful transition are:
Additional success factors include:
Read the full automotive industry transition report.
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