Victorian State Govt. have just committed $22 million for SPC....good news.
GaryKelly said
02:31 PM Feb 13, 2014
These days, that equates to 22 little cottages in just one Glebe street.
Cloak said
06:03 PM Feb 13, 2014
That's peachie....
Kooroorinya Kelpie said
07:48 PM Feb 13, 2014
Now I will have to take back all the bad things I've said about Mexitoria because I reckon you guys and your premier done good. Well done on behalf of all the Queensland fruit lovers.
Cloak said
08:35 PM Feb 13, 2014
I reckon nothing would have been done if it weren't for all the bad news about the car sector.
Call me cynical but there is a state election next year...
Bryan said
11:20 PM Feb 13, 2014
I still cannot get around my head why Coca Cola Amatil who made a profit of $558 million in 2012 not bail out their subsidiary.
Is it because they feel SPC is a lost cause and is not capable of being turned around in which case the $22 million bail out is a short term fix and these same employees will face unemployment again in a few years time.
Or they knew if they held back the GOVT would step in. Sorta like holding the country to ransom and they get away with it.
That's my bit of ranting for tonight but I wonder sometime about the morality of multi national companies.
Vic41 said
03:04 AM Feb 14, 2014
barina wrote:
Victorian State Govt. have just committed $22 million for SPC....good news.
I saw on TV he went to see Abbot in Canberra, I wonder if he got some help under the table (like 22 million) on the QT ????
dorian said
08:49 AM Feb 14, 2014
Bryan wrote:
I still cannot get around my head why Coca Cola Amatil who made a profit of $558 million in 2012 not bail out their subsidiary.
Bailing out an unprofitable subsidiary would be bad business for the company but good politics for the government.
oldbobsbus said
08:49 AM Feb 14, 2014
Time will tell if it all happens..
It is conditional on CCA spending 78m on upgrading the plant.....
Aus-Kiwi said
01:12 PM Feb 16, 2014
So we'll be getting fruit from a coke bottle ? Upgrading with robots .. Keeps the farmers going though .
Victorian State Govt. have just committed $22 million for SPC....good news.
Call me cynical but there is a state election next year...
Is it because they feel SPC is a lost cause and is not capable of being turned around in which case the $22 million bail out is a short term fix and these same employees will face unemployment again in a few years time.
Or they knew if they held back the GOVT would step in. Sorta like holding the country to ransom and they get away with it.
That's my bit of ranting for tonight but I wonder sometime about the morality of multi national companies.
I saw on TV he went to see Abbot in Canberra, I wonder if he got some help under the table (like 22 million) on the QT ????
Bailing out an unprofitable subsidiary would be bad business for the company but good politics for the government.
It is conditional on CCA spending 78m on upgrading the plant.....