When the bidding wars begin, who wins and who loses in the Australian papermaking industry?

The Australian papermakers’ union has said the Government is failing to properly fund its investment into the industry and has warned the bidding will intensify.

The Australian Paperworkers’ Federation (APWF) has called on the Government to fund the investment by removing a cap on the number of jobs in the industry at the start of the next Parliament.AAPWF general secretary, Terry McEwan, said the current investment cap was preventing the industry from receiving the full benefits of an investment that could be worth hundreds of millions of dollars.

“The Government’s decision to cap the number in this sector will make the industry vulnerable to the adverse effects of a global economic downturn, Mr McEwin said.”

This cap will have a negative impact on the papermaking sector and on jobs in other sectors of the economy.

“It will also hinder our ability to invest in other areas of our economy that need to be supported and built on.”

Mr McEwen said he feared a global downturn in the paper industry would make the Australian industry vulnerable and could cause a major decline in employment and income.

The APWF said the government had made an investment of $1.1 billion in Australia’s papermaking market in 2017.

The ABC understands the cap will be lifted at the end of the year.

“We’ve got the opportunity to see that we’re getting the right investment in a fair and balanced way and we’re going to fight for that,” Mr McLeod said.

A spokesman for the Department of Trade and Industry said the Minister was in contact with the union about the cap.

Topics:government-and-politics,jobs,industry,jobs-and ofcor,business-economics-and_finance,business,federal—state-issues,southeast-asiaFirst posted January 13, 2021 06:51:58Contact Paul Taylor

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