Last Tuesday, when the Prime Minister announced the government would subsidise six million jobs for six months to the tune of $1,500 a fortnight, the nation’s economists were left speechless.
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The pivots by local companies to meet Australia’s PPE needs have gained coverage in the mainstream press and been a source of pride for the country’s manufacturing sector. This week businesses such as Me3D, Free 3D Hands and the FAB9 makerspace have had their efforts to 3D print visors to protect against Covid-19 infection…
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Specialist braking systems manufacturer Advanced Braking Systems has continued its year-long turnaround in the third quarter of the financial year posting strong sales gains. The Perth company reported sales of $1.9 million in the third quarter, up 23 per cent on the previous corresponding period. Sales for the first nine months of the year of…
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Senior executives and the board of hearing technology group Cochlear will take a pay cut for an initial three months in response to a revenue hit from the Covid-19 coronavirus pandemic. Senior executives will receive a 20 per cent cut, while non-executive directors will receive a 30 per cent cut in board fees. CEO Dig…
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Only days after Melbourne’s Fallshaw Group complained in @AuManufacturing news of price gouging by freight forwarders CEO Jo Fallshaw has been given a price lifeline. Fallshaw had been hit with lack of available flights and price hikes of five times for freighting her specialised hospital bed castors (pictured) to the United States to fulfil an…
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AMTIL, the peak body for manufacturing technology suppliers and users, has added itself to the list of voices requesting that manufacturing be designated an essential industry during the Covid-19 pandemic.
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Around the world, people are racing to design and manufacture much-needed ventilators to address a global lack of supply. One New York hospital has reportedly attempted treating two patients per ventilator out of desperation.
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Oil refiner and retailer Caltex is to shutter its Lytton refinery (pictured) in Queensland in May, bringing forward planned maintenance. While the company plans to complete the work by August, it warned that it would only re-open the refinery, one of only four remaining in Australia, if ‘margin conditions have sufficiently recovered’. The global oil…
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Leading aerospace composites manufacturer Quickstep powered ahead in the third quarter of the year as it continued work on long term contracts for mainly defence-related clients. The Sydney company recorded positive cash flow of $100,000 on sales for the quarter up 16 per cent on the previous corresponding period to $19.2 million. Sales for the…
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Nanosatellite business Myriota has announced a $28 million Series B funding round, with Hostplus and Main Sequence Ventures as lead investors and all Series A backers participating in the raise.
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