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  • Manufacturing slips in December: AiG | Business Spectator
    up Facebook must go further to mine precious user insights if it wants to compete Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Is the EU about to abdicate climate leadership The rift over energy and climate policy is widening in Brussels as politicians feel the pressure from the continent s ongoing economic crisis The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Manufacturing slips in December AiG 2 Jan 9 32 AM Industries Manufacturing Performance of Manufacturing Index shows sector contracts in the month at slightly faster rate than in November You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password By a staff reporter with AAP The manufacturing sector contracted in December at a slightly faster rate than the prior month according to the Australian Industry Group AiG s Performance of Manufacturing Index slipped to 47 6 points in the month a fall of 0 1 points compared with November A reading below 50 shows the sector is contracting while a reading above 50 shows it is expanding The sector has been contracting for two consecutive months according to the index In November the index dropped 5 4 points to 47 7 points Ai Group chief executive Innes Willox said the manufacturing activity failed to build on the gains recorded in September and October The sector and indeed the broader economy remains stuck behind the eight ball and manufacturing in particular is as yet in no position to assume a role in generating alternative sources of growth as the mining boom fades he said Notwithstanding that interest rates are at low levels and that the Australian dollar appears to be on its way back down to more realistic levels conditions in the sector remain very tough Survey participants said the mild post election lift in local new orders had generally disappeared partly owing to fall in business and consumer confidence not helped by Holden s announcement that it would cease local

    Original URL path: http://www.businessspectator.com.au/news/2014/1/2/manufacturing/manufacturing-slips-december-aig (2014-01-13)
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  • PaperlinX to axe jobs in Germany, UK | Business Spectator
    about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Is the EU about to abdicate climate leadership The rift over energy and climate policy is widening in Brussels as politicians feel the pressure from the continent s ongoing economic crisis The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu PaperlinX to axe jobs in Germany UK 24 Dec 2013 2 35 PM Industries Manufacturing Group flags further cost cutting measures reiterates positive profit guidance You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AAP Paper merchant and packaging supplier PaperlinX Ltd will cut 75 jobs in Germany and 65 in the United Kingdom as it continues to restructure its operations The redundancies will take effect in the second half of the current financial year PaperlinX said jobs would go in Germany as it consolidates a number of warehouses and sales offices into a central warehouse in Biebesheim In the United Kingdom PaperlinX will close sites in Nottingham Sheffield and Leeds and move to a central information technology platform The changes are the latest in the company s restructuring over the past six months which in total have resulted in the loss of 340 full time employees or 8 4 per cent of its workforce A pre tax restructuring charge of about 9 5 million will be included in PaperlinX s accounts for the six months to December 31 Further changes are expected in the second half of the 2013 14 financial year as the company seeks further cost cuts PaperlinX also confirmed its previous guidance of marginally profitable underlying earnings for the 2013 14 financial year It expects to realise an underlying earnings loss in the six months to December 31 of about 10 million to 11 million which would compare to a loss of 13 7 million in the

    Original URL path: http://www.businessspectator.com.au/news/2013/12/24/manufacturing/paperlinx-axe-jobs-germany-uk (2014-01-13)
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  • Amcor to buy Constar assets | Business Spectator
    bring it the Window s phone platform to parity with its Android competition But does this phablet do enough to sway attention from its rivals Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Is the EU about to abdicate climate leadership The rift over energy and climate policy is widening in Brussels as politicians feel the pressure from the continent s ongoing economic crisis The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Amcor to buy Constar assets 20 Dec 2013 10 13 AM DataRoom Mergers Acquisitions Industries Manufacturing Group will acquire selection of US assets from Constar International Holdings You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password By a staff reporter with AAP Packaging giant Amcor Ltd has agreed to acquire the United States assets of Constar International Holdings for a sum still to be finalised Constar which makes plastic food and drink containers in the US and Europe has filed for bankruptcy in the US In a statement to the Australian Securities Exchange Amcor said that the US business of Constar operates six plants with annual sales of about US190 million Amcor said the assets were an attractive fit with Amcor s rigid plastics business The transaction will be made through a court supervised process under the US Bankruptcy Code which is expected to conclude in the first quarter of 2014 Amcor said that further details of the acquisition including the final acquisition price would be released to the market after the conclusion of the bankruptcy process Shares in Amcor were 10 cents higher at 10 55 at 1018 AEDT Print this page Related articles 08 Jan GM asked to give up Holden 07 Jan Point Henry decision in March 06

    Original URL path: http://www.businessspectator.com.au/news/2013/12/20/manufacturing/amcor-buy-constar-assets (2014-01-13)
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  • Toyota conditions too generous | Business Spectator
    article Comments Policy Graham Middleton Mon 2013 12 16 09 13 The Toyota request as outlined in todays press is a sensible move toward normal working conditions and will remove some of the costs and inefficiencies imposed by draconian union dominance As ex Labor minister Graham Richardson said last week the workers would be mad not to support these changes as a step toward keeping their jobs Why should Australian taxpayers subsidise a group of workers who enjoy overall rewards far in excess of the average Australian Art Flint Mon 2013 12 16 11 11 Well said Graham Kevin Clark Mon 2013 12 16 12 24 The workers at Toyota have been forewarned of the inevitable closure of Toyota if things do not change Will they be sensible and work with management to develop a sound platform for the future or will they put their head in the sand waiting for taxpayer funds to bail them out My thought is they will hope for taxpayer funds because Labour is in denial J Ng Mon 2013 12 16 17 54 It is going to be hard for Toyota to justify remaining in Australia when the jobs should be given to long suffering Japanese workers Salaries of the five largest automakers CEOs 2012 compensation Alan Mulally Ford Motor Company 21 million Martin Winterkorn Volkswagen 19 million Dieter Zetsche Daimler 14 5 million Dan Akerson General Motors 11 million Akio Toyoda Toyota 1 9 million R Ambrose Raven Mon 2013 12 16 23 17 Propaganda Topic 350 as per Den of Thieves and Noalition memo Cut Wages by Blaming Unions Once again an agenda in search of an exploitable story In answer to the above Noalition ideologues Graham by normal working conditions you mean Balinese wages By draconian union dominance you mean managers having to consult with someone other than managers even though the union rep probably has a much better idea how to do the job Perish the though that competence should matter One point on which GM deserves the last word GM Holden s managing director Mike Devereux appears correct on one point There s no doubt in my mind that the budgetary cost of losing this industry would dwarf the cost of keeping it He is right as we are duly discovering Kevin if closure of Toyota if things do not change is inevitable why should they bother Abbott et al have demonstrated their desire to destroy the industry Labour in Australia does not have a u but then you show no awareness of any distinction between Australian and British industrial and social relations As for economic incompetence the GDP of the UK rose by 25 under Tory rule whereas real GDP in Australia rose by 64 under Hawke Keating Labor i e over that period Between 2000 and the GFC the UK had grown by only 7 less than had Australia now it is 23 less Presumably you wouldn t know anything about that either There is no good

    Original URL path: http://www.businessspectator.com.au/news/2013/12/16/automotive/toyota-conditions-too-generous (2014-01-13)
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  • Holden a wake-up call: Turnbull | Business Spectator
    of Holden closure 07 Jan Champ Ventures plans SG Fleet IPO in Q1 More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler s Family Business China China Spectator Please log in or register to post comments Comments on this article Comments Policy BIC lastName Sun 2013 12 15 12 22 bitt late now Doug DJ LoneRider Sun 2013 12 15 13 36 BIC Its never to late As China found out in the mid 1970s Following an absolute far right ideology far right meaning all for the ruling class first Creates despotism which is poverty for the people Turning away from the far right ideologies will be a massive kick to the system And the financial industry will have to be forced into relinquishing some power Gina the Hutt and the other ruling class will need to be forced into paying their fair share of taxes Many local state and federal regulations will need to be dropped Enabling the people to see opportunity and gain the ability to grab the cash flow that is returned to the street level A bloodless revolution is the best option Nick Nikov Mon 2013 12 16 09 01 You can include your far left unions in your far right ideology Ian Macallan Mon 2013 12 16 00 31 The 2017 GM H planned closure date will be after the next federal elections so I can see this one being an election topic which Labor will love but until then we need to focus on industries of relevance and opportunity garry lastName Mon 2013 12 16 02 09 He should talk The problem goes beyond a time before Turnbull was part the John Howard team They had no plan then nor do they have one now It s not as if the Ford and GM closures simply happened in recent days they have been in the mill for years now As for committing ourselves to innovative high tech industries The clever country option Well this very same blast of political hot air has been around many years as well Begging a question or two of Mr Turnbull and his team let alone the past lot of misfits who have been running the show Australia has no plans period Just asset sales that s how we get by Sell off more of the place year by year R Ambrose Raven Mon 2013 12 16 07 43 Abbott the Hun s Noalition is the first in at least our post war history to openly relish the destruction of industries without at least some promise of it being replaced by something better Class warfare has at last come out of the closet whereas previously only individuals such as class traitors Martin Ferguson and Gary Gray had openly demonstrated their commitment to enduring that transnational capitalism received as much of the benefit of the mining boom as possible now with the victory of Abbott the Hun s Noalition in 2013 we

    Original URL path: http://www.businessspectator.com.au/news/2013/12/15/automotive/holden-wake-call-turnbull (2014-01-13)
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  • Manufacturing | Business Spectator
    and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Manufacturing Holden wanted extra 80m report Govt reportedly flinched at Oct request for extra 80m a year 3 41am December 13 23 comments Shift manufacturing focus Turnbull Senior minister says it s time for country to focus on high tech manufacturing 11 33pm December 12 9 comments Manufacturing expands ACCI Private survey finds encouraging signs outside motor vehicle industry 3 06pm December 12 The failing auto industry gets a final reality check Insufficient scale and high costs have ensured that any attempt to resuscitate the car manufacturing industry is futile General Motors exit will turn the spotlight on Toyota and parts suppliers by Stephen Bartholomeusz 5 21pm December 11 20 comments Rescuing the car industry from its collision course General Motors exit from manufacturing will raise questions about Toyota s viability in Australia The Abbott government must seriously consider throwing a lifeline to parts makers to stem inevitable job losses by Robert Gottliebsen 4 05pm December 11 19 comments Abbott is manufacturing a jobs disaster Productivity in the digital age is destroying many manufacturing jobs including in the auto industry Governments must have a plan to mitigate the rising fallout by Michael Gawenda 6 59am December 11 72 comments Time to put the brakes on auto industry handouts The car industry is no longer a significant employer of Australian workers Its loss will have limited economic impacts and now is a good time for tough decisions by Bernard Keane 2 25pm December 10 29 comments Navigating the downgrade deluge Investors may opt to part ways altogether with repeat profit warning offenders especially when factors outside the industry are driving the downgrades by Kirstie Spicer 11 08am December 10 3 comments Amcor shareholders approve demerger Packaging firm says positives outweigh negatives as shareholders vote on split 12 23pm December 09 IPO market suffering indigestion Supply has well and truly caught up with demand in the IPO market as evidenced by Nine s disappointing debut by Brett Cole 11 53am December 09 Holden says no decision yet Car maker rejects media reports that it has already decided to pull out of Australia by 2016 11 58am December 06 8 comments Manufacturing downturn limited PC Productivity Commission paper pinpoints three sectors leading decline 1 21am December 06 Support auto sector for 10 years Napthine Vic premier asks Productivity Commission to maintain manufacturing support 3 57pm December 04 3 comments French court orders EADS trial Execs of Airbus owner to face trial over insider trading allegations alongside Daimler Lagardere 5 50am December 03 French court orders EADS trial Execs

    Original URL path: http://www.businessspectator.com.au/industries/manufacturing?page=1 (2014-01-13)
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  • Manufacturing | Business Spectator
    and its share of global electricity continuing a seemingly inexorable decline Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Manufacturing GM asked to give up Holden SA premier to ask if car giant could offload Aust brand to rival 11 42pm January 08 Point Henry decision in March Alcoa to make call on future of Vic aluminium smelter report 1 09am January 07 2 comments Toyota nears Aust decision Decision on local manufacturing likely to be made by mid year 11 27pm January 06 10 comments Abnormal QLD power prices force smelter production cut Aluminium smelter to cut production blaming abnormally high Queensland prices relative to NSW and Vic 12 25pm January 06 Ansell completes BarrierSafe buy Protective clothing maker acquires purchase of single use glove provider 10 51am January 03 Chinese manufacturing slips in Dec HSBC survey shows activity falls but sector keeps expanding 4 00pm January 02 Manufacturing slips in December AiG Performance of Manufacturing Index shows sector contracts in the month at slightly faster rate than in November 9 32am January 02 PaperlinX to axe jobs in Germany UK Group flags further cost cutting measures reiterates positive profit guidance 2 35pm December 24 Amcor to buy Constar assets Group will acquire selection of US assets from Constar International Holdings 10 13am December 20 SPC still pushing for govt aid Food processor s agreement to conditions may see it get federal funds report 1 55am December 20 4 comments End of the road for good money after bad The government was right not to bow to pressure to throw even more taxpayer funds at General Motors and instead direct the 100 million manufacturing industry package toward generating new and competitive activity by Stephen Bartholomeusz 5 54pm December 19 48 comments ACCC flags BlueScope merger concerns Watchdog says OneSteel takeover would affect competition in WA market 10 01am December 19 2 comments Govt not keen on SPC aid report Cabinet ministers reluctant to back food processor s request for cash 3 18am December 19 17 comments Geminder upbeat on Pact Pact boss remains bullish on packaging group despite disappointing ASX debut by Damon Kitney The Australian 12 47am December 18 List of IPO debut flops grows The past week has seen most IPOs underperform the market on debut since a raft of successful book builds last month by Amanda Saunders 4 10pm December 17 1 comment Pact Group falls on debut The Raphael Geminder chaired packaging empire shed more than 12 per cent by Amanda Saunders 12 29pm December 17 Defence project may need 1bn bailout Govt may have to

    Original URL path: http://www.businessspectator.com.au/industries/manufacturing?destination=taxonomy/term/3007 (2014-01-13)
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  • 21st Century Fox to delist from ASX | Business Spectator
    Energy Latest stories Is the EU about to abdicate climate leadership The rift over energy and climate policy is widening in Brussels as politicians feel the pressure from the continent s ongoing economic crisis The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu 21st Century Fox to delist from ASX 9 Jan 5 35 PM Industries Media and Digital Move subject to shareholder approval News Corp confirms it will maintain listing in Australia You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password By a staff reporter 21st Century Fox has announced its intention to delist from the Australian Securities Exchange In a statement released to the ASX the company said it will file a preliminary proxy statement with the US Securities and Exchange Commission SEC on Thursday for a special meeting of the company s stockholders to approve the request The statement also said the ASX has provided in principle advice to 21st Century Fox indicating that it would be likely to remove the company s listing from the ASX upon the its submission of a formal request subject to its compliance with certain conditions The company expects to hold a special meeting of stockholders in March or April of this year and if the move is approved by both stockholders and the ASX delisting would take place approximately one month thereafter the company said Following the removal of the company s listing from the ASX 21st Century Fox Class A and Class B common stock will be listed solely on the NASDAQ index in the US the company said Today s announcement is part of our ongoing agenda to simplify the operating and capital structure of our company said Rupert Murdoch chairman and chief executive of 21st Century Fox Following the separation of our businesses in June last year 21st Century Fox has only limited operations in Australia and we believe that consolidating the trading of our stock in the world s largest equity market would provide improved liquidity to the company s stockholders and greater

    Original URL path: http://www.businessspectator.com.au/news/2014/1/9/media-and-digital/21st-century-fox-delist-asx (2014-01-13)
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