Korea’s Hanwha abandons takeover of Austal – media reports

By Peter Roberts Korea’s Hanwha defence group has abandoned its takeover bid for Australia’s most successful indigenous owned defence manufacturer Austal, according to media reports this morning. The takeover was ended in a letter to Austal from Hanwha Ocean CEO Hyek Woong Kwon titled ‘Termination of discussions with Austal’. The company blamed Austal’s ‘insistence’ that…

200 young workers recruited for n-sub work

The federal government has announced a new Jobs for Subs programme for 200 young workers required for the maintenance of US and UK nuclear submarines in Perth under Submarine Rotational Force – West (SRF-W). The Nuclear-Powered Submarine Graduate, Apprenticeship and Traineeship initiative is a government-funded recruitment and upskilling program for graduates, apprentices and trainees within…

Legislation clears way for n-submarine import and local build

Australia, the United Kingdom and the United States have signed an agreement in Washington (pictured) clearing the way for Australia’s import of Virginia class nuclear submarines. The agreement for Cooperation Related to Naval Nuclear Propulsion was tabled in federal parliament today. The agreement also enables the import of equipment for the later construction at the…

Submarine dispute sinks further – workers call for CEO resignation

By Peter Roberts Relations between workers and management at submarine builder ASC have sunk even lower with members of the trade unions on the site unanimously issuing a vote of no confidence in the CEO’s leadership. Australian Manufacturing Workers’ Union (AMWU) SA Assistant State Secretary Stuart Gordon said around 300 members across the AMWU, AWU…

Manufacturing news briefs – stories you might have missed

Linda Dobe appointed D-D of Queensland Manufacturing department The Queensland government has announced the appointment of three new Directors-General, each with a wealth of experience, to lead key departments. The appointments include: Linda Dobe as Director-General for the Department of Regional Development, Manufacturing and Water (DRDMW), Peter McKay as Director-General of the Department of Employment,…