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Australian affiliate says weakened economy bodes poorly

APIA, Samoa (Samoa Observer, Jan. 14, 2009) - The Australian counterpart of Yazaki Samoa is unsure what the future holds for Yazaki’s operations here, RNZI [Radio New Zealand International] has reported.

The company says a reduction of staff hours to its Samoan workforce is a short-term solution to ease the effects of the global economic downturn to its operation here.

About 1,500 employees will have their hours cut from 40 to 32 over the next nine weeks as a result of an 18 percent drop in overseas automotive manufacturing orders.

The deputy general-manager of Australian Arrow Proprietary Limited, formerly known as Yazaki Australia, is Craig O’Donohue.

He says it’s unsure what the future holds for its operation in Samoa.

"All businesses involved in the automotive industry are (taking) a very hard look at their future," he said.

"And the problem nobody knows, it’s out of our control it sort of stems right back to the financial meltdown as such on a global economic scale.

"It’s nothing that any automotive industry can really forecast with any great confidence. That’s why we’ve got to manage it, not on a day by day but you know just on an on-going basis."

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