No Caption
No Caption

Experts call for an end to Holden subsidies

THERE are calls for governments to stop giving money to car manufacturer Holden after it axed 500 jobs in South Australia and Victoria.

Holden announced it would cut 400 jobs from its production plant in Adelaide and 100 vehicle development jobs in Victoria.

Just last year Holden received a $250 million state and federal government assistance package - part of $2 billion in subsidies the car maker has been given in the past 12 years.

Simon Cowan from the Centre of Independent Studies says thinning 500 more workers from Holden just means taxpayers are paying thousands of dollars more per head for those workers left.

"If you take about 4,000 employees, which is where they are now roughly, that's about $45,000 an employee," he said.

Read more at ABC news online.