Fed: Manufacturers to export 30,000 jobs

AAP General News (Australia)
04-19-2006
Fed: Manufacturers to export 30,000 jobs

Australian manufacturers will send another 30 thousand jobs offshore in the next 12
months .. as global pressures intensify.

A survey of 800 manufacturers and 200 corporate chiefs by the Australian Industry Group
.. has found offshore activity by Australian businesses will rise from 15 per cent to
25 per cent over the next year.

AIG chief HEATHER RIDOUT says moving offshore is proving irresistible to businesses
.. to lower production costs and improve productivity.

She's told the National Press Club the high exchange rate .. and the rise of China
as an economic powerhouse .. are adding pressure to businesses .. already suffering from
falling prices and market share.

AAP RTV pjo/sw/cp/tm

KEYWORD: JOBS AIG (CANBERRA)

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