Union officials have said that Holden employees are increasing looking for employment opportunities elsewhere and are opting for voluntary separation package after the company expressed doubt over its continued operations in Australia.

The company has asked the federal government to provide funding for the car industry in the country and indicated that it would try to cut wages at its manufacturing facilities in the country. Company's managing director Mike Devereux indicated that the company might have to leave the country if the government does not offer long term funding for the industry.

Holden has presented an unprecedented demand for its workers at its manufacturing facilities in Australia to accept a pay cut or else the company would be forced to abandon the country like its US-Based rival, ford.

Holden had announced in April that it is aiming to cut 400 staff at its plant at Elizabeth, in South Australia by July and union officials said that the company is on track to cut jobs. Earlier, only about 300 workers had accepted the voluntary package to leave the company but after the company indicates that it is looking to cut costs and is considering pay cuts, several more expressed interest in accepting the package to voluntarily leave the company.

Source: Top News