Wednesday, Apr 29, 2015Wednesday, Apr 29, 2015
News
 

Philip Morris shuts Australian plant, blames regulation

Published on Apr 2, 2014 3:53 PM
 

SYDNEY (AFP) - Tobacco giant Philip Morris on Wednesday announced the closure of its only Australian manufacturing plant with the loss of 180 jobs, blaming regulations for limiting its export opportunities.

The firm, which makes the Marlboro brand, said its cigarette factory at Moorabbin in Victoria would close by the end of the year after six decades of operation.

The closure is the latest blow to the Australian manufacturing sector after the country's car manufacturers Ford, Toyota and General Motors Holden all announced their plants will close with an estimated 50,000 job losses in the sector.

Philip Morris Limited's (PML) Australasian managing director John Gledhill said production would be moved to South Korea.

 
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!