80 jobs will be axed from automative transmission manufacturer DSI. The manufacturing plant in Albury will see 42 fixed-term contractors and 38 permanent employees without employment said AMWU NSW Vehicle Division. Secretary Sean Morgan.
“It is a blow that DSI is having to cut into its permanent workforce. It is always devastating to lose this number of jobs, especially in a regional area,” said Mr Morgan. DSI still employs 172 permanent workers and has secure contracts in place, we look forward to working with the company to ensure a successful future in Albury.”
DSI supplies automatic transmissions for export, a leading automotive supplier the company was bought by Chinese motor vehicle manufacturer, Geely Holding Group in 2009 for approximately A$ 58 million dollars. The acquisition came at a time where DSI was experiencing financial difficulties in the midst of the global financial crisis.
The Australian Manufacturing Workers Union reported the job cuts are not related to conditions at Australian car manufacturing plants.