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?
Ajax Fasteners Are Back in Business