Jun 26, 2017 Last Updated 10:15 AM, Jun 26, 2017

New Entry From the Editor :

Glencore hits back with second counter offer for Rio Tinto’s Hunter Valley coal asset

Glencore hits back with second…

AusBN - Glencore has come in with a second counter offer of US$2.675 billio...

Qantas pursuing growth in China but keeping eyes on global markets

Qantas pursuing growth in Chin…

AusBN - Qantas is looking to expand its share of the growing Chinese travel...

Bega Cheese launches $160m capital raise

Bega Cheese launches $160m cap…

AusBN - Bega Cheese is opening a AUS$160 million capital raising in order t...

Koko Black enters administration

chocolateAusBN – Premium chocolatier Koko Black has gone into voluntary administration after rapid expansion put the private company under strain.

The Melbourne-based manufacturer and retailer will remain open for business in the run-up to Christmas, keeping its 300 staff in work.

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BlueScope to keep Kembla steelworks open

steel rodsAusBN – Bluescope Steel has announced that it will continue steelmaking operations at Port Kembla in Illawarra, New South Wales, after a campaign was launched to cut production costs.

Keeping the steelworks open will save as many as 5,000 local jobs.

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Ford confirms closure of final factories

AusBN – Automaker Ford has confirmed that it will close its last remaining factories in Australia on 7 October 2016.

The closure of the Broadmeadows car factory and Geelong engine plant will affect 850 workers.

Ford is Australia’s largest car manufacturer and began building vehicles in the country in 1925, but from October next year will become solely a vehicle importer.

The company said that although most of the 500 workers at Broadmeadows and 350 workers at Geelong will work their last day on 7 October, a few dozen will stay behind to ensure the final cars are delivered to dealers.

Both factories will be handed over to a decommissioning team by the end of October.

The make of the last-ever Ford car to be built in Australia, and whether it will be donated to a museum, is yet to be determined.

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