Quote:
Originally Posted by Citroënbender
And I still think the Government should find a way to take the name back off a multinational, and store it in case we ever have a local car industry again.
|
Or as I put forward to a number of union organisers I know, The unions could have saved production very simply, yet no one at any union would look at the idea, wanting GovCo to pay the way.
Simple math shows, that at the final attempt to sell Holden off by GM to PSA, it would cost approximately $43 to $45 per union member in Australia to buy the brand, based on the 1.5 million members figure from Unions Australia.
If you were to take it at the same number of members at time of announcement of production ceasing, value at the time by GM was $172 million, that would equate to $114 to $116 dollars. Pretty cheap investment strategy to secure union members future.
The Australian Unions ownership by its members would have been a ground breaker for Industrial relations, OH&S, management etc.