Australian government rejects bailout...

Australian government rejects bailout appeal from SPC Ardmona

There are 19 comments on the BeverageDaily story from Jan 30, 2014, titled Australian government rejects bailout appeal from SPC Ardmona. In it, BeverageDaily reports that:

The Australian government has rejected a plea by beverage maker SPC Ardmona for an AU$25m bailout package, calling on the firm's parent company to the rescue of its local subsidiary.

Join the discussion below, or Read more at BeverageDaily.

Since: Dec 10

Perth, Australia

#2 Jan 30, 2014
Surely they could come up with 25 mil to save 1000 direct jobs and 3000 indirect jobs especially with all the money they so freely give to mining and big business in perks.....what a crap government, this is chump change for what they will get in return and that will be the employment and ongoing security to those orchards that supply them and also employ thousands.... Coke has come to the party and is supplying the bulk of what is needed, so this is not such a great ask....C'mon Australia, we should be getting behind those companies who are at least willing to pulll the majority of their weight and spending 90 mil, the governments 25 mil is not so much a gift as ensuring Admona is ensuring 4000 jobs...Fair suck of the save here Abbott you moron. our government has signed a deal for 5.87 million dollars with The International Organisation for Migration for the voluntary return of over 1000 asylum seekers that have had their claims rejected and that amounts to 6 million plus the 5.87 million and what will it cost us for the other 30.000 that are still waiting to find out their fate....And they can't afford a pissy 25 million to save Aussie jobs....how feckin' un patriotic of the Abbott government!

http://www.smh.com.au/federal-politics/politi...
Stan Dandyliver

Denpasar, Indonesia

#3 Jan 30, 2014
I'f rather have Ahomana perched on my face than a free case of SPC canned cling peaches.
Indians lol

Adelaide, Australia

#4 Jan 30, 2014
Ahomana wrote:
Surely they could come up with 25 mil to save 1000 direct jobs and 3000 indirect jobs especially with all the money they so freely give to mining and big business in perks.....what a crap government, this is chump change for what they will get in return and that will be the employment and ongoing security to those orchards that supply them and also employ thousands.... Coke has come to the party and is supplying the bulk of what is needed, so this is not such a great ask....C'mon Australia, we should be getting behind those companies who are at least willing to pulll the majority of their weight and spending 90 mil, the governments 25 mil is not so much a gift as ensuring Admona is ensuring 4000 jobs...Fair suck of the save here Abbott you moron. our government has signed a deal for 5.87 million dollars with The International Organisation for Migration for the voluntary return of over 1000 asylum seekers that have had their claims rejected and that amounts to 6 million plus the 5.87 million and what will it cost us for the other 30.000 that are still waiting to find out their fate....And they can't afford a pissy 25 million to save Aussie jobs....how feckin' un patriotic of the Abbott government!
http://www.smh.com.au/federal-politics/politi...
Surely Coke can come up with its own 25 mill, remember how much debt Labor left us in?

Since: Dec 10

Perth, Australia

#5 Jan 30, 2014
Indians lol wrote:
<quoted text>Surely Coke can come up with its own 25 mill, remember how much debt Labor left us in?
Labors debt was around 300 billion with a global crisis and a high dollar, and the left us with a AAA economy and the envy of the world, Abbott is the other side of the coin as has pushed that debt to half a trillion dollars and did so not withing six years but in less than 100 days, with no global crisis or falling dollar or any major negatives effecting the economy, there is a posibility of of losing our tripple AAA rating under his financial mismanagement, and the world sees him as A class idiot economically after he dared to slam Labors financial management, when all at the G20 summit realise whose coat tails Abbott is actually riding on.....When is a debt not a debt? when you have the means to pay it back, when you invest in the countries future and pour money into fixing infrastructure and creating jobs lift the standard of living while riding our a global crisis and a dollar that is the highest ever seen for the longest period in our history.....in short when you create a country the people deserve for the money they spend .and Labor did this in spades. now Abbott is tearing it down and fails to tax the rich in proportion to their earning and yet still give them the lions share of the tax payers dollar....
Ahsolemana

Adelaide, Australia

#6 Jan 30, 2014
Ahomana wrote:
<quoted text>
Labors debt was around 300 billion with a global crisis and a high dollar, and the left us with a AAA economy and the envy of the world, Abbott is the other side of the coin as has pushed that debt to half a trillion dollars and did so not withing six years but in less than 100 days, with no global crisis or falling dollar or any major negatives effecting the economy, there is a posibility of of losing our tripple AAA rating under his financial mismanagement, and the world sees him as A class idiot economically after he dared to slam Labors financial management, when all at the G20 summit realise whose coat tails Abbott is actually riding on.....When is a debt not a debt? when you have the means to pay it back, when you invest in the countries future and pour money into fixing infrastructure and creating jobs lift the standard of living while riding our a global crisis and a dollar that is the highest ever seen for the longest period in our history.....in short when you create a country the people deserve for the money they spend .and Labor did this in spades. now Abbott is tearing it down and fails to tax the rich in proportion to their earning and yet still give them the lions share of the tax payers dollar....
Blah blah blah enough drivel you boring sack of shit, go and do something with your life besides being serial pest

“Fair & Balanced”

Since: Jul 12

wherever there's a mine

#7 Jan 31, 2014
Ahomana wrote:
Surely they could come up with 25 mil to save 1000 direct jobs and 3000 indirect jobs especially with all the money they so freely give to mining and big business in perks.....what a crap government, this is chump change for what they will get in return and that will be the employment and ongoing security to those orchards that supply them and also employ thousands.... Coke has come to the party and is supplying the bulk of what is needed, so this is not such a great ask....C'mon Australia, we should be getting behind those companies who are at least willing to pulll the majority of their weight and spending 90 mil, the governments 25 mil is not so much a gift as ensuring Admona is ensuring 4000 jobs...Fair suck of the save here Abbott you moron. our government has signed a deal for 5.87 million dollars with The International Organisation for Migration for the voluntary return of over 1000 asylum seekers that have had their claims rejected and that amounts to 6 million plus the 5.87 million and what will it cost us for the other 30.000 that are still waiting to find out their fate....And they can't afford a pissy 25 million to save Aussie jobs....how feckin' un patriotic of the Abbott government!
http://www.smh.com.au/federal-politics/politi...
And this is why I call you a [email protected] hypocrite you socialist [email protected] 2 days ago you were against corporate welfare & today your for it because the LNP said no. You were against Ford getting more money off KRudd but for Holden getting more money from Abbott. So what it is d1psh1t? About the only constant in your life is being on here with your anti everything the LNP stand for. I bet you won't be anti Abbott when he increases your dole payments next April.

Here's a thought - CCA is an internationally successful company with a supposed $170m cash in the bank spending $500m a new plants in Indonesia to move jobs from here in 2016/17 - let them pay for their own farcking upgrade.

Since: Jan 12

Where The Wild Things Grow

#8 Jan 31, 2014
chefboy812 wrote:
<quoted text>
And this is why I call you a [email protected] hypocrite you socialist [email protected] 2 days ago you were against corporate welfare & today your for it because the LNP said no. You were against Ford getting more money off KRudd but for Holden getting more money from Abbott. So what it is d1psh1t? About the only constant in your life is being on here with your anti everything the LNP stand for. I bet you won't be anti Abbott when he increases your dole payments next April.
Here's a thought - CCA is an internationally successful company with a supposed $170m cash in the bank spending $500m a new plants in Indonesia to move jobs from here in 2016/17 - let them pay for their own farcking upgrade.
Ardmona formed a corporation with SPC - first mistake - then SPC Ardmona sold out to CCA - second mistake - personally I would have have hoped the government would act to bail out this company because so many jobs are on the line - not only the cannery, the fruit growers and associated businesses. I wonder if CCA will continue to support a failing enterprise, after all, it is about making money, not losing it - consumers buying cheaper imported products also have some responsibility here.
I Am Flying Man

Altona, Australia

#10 Jan 31, 2014
a plea by beverage maker SPC Ardmona for an AU$25m bailout package?

Hey, Gringo Australian Government could you care bailout me and me mates from prison for smoking green Joints?
We will give you some good stuff Mariguana man, you will be Flying with us like the Red Baron.
Gringo the bailout the me and me mates wants is a lot cheper than SPC Ardmona bail out.
Gringo come with us to live La Vida Loca cough cough cough cough we need to Fly gringo, bail us out.

Since: Dec 10

Perth, Australia

#11 Jan 31, 2014
chefboy812 wrote:
<quoted text>
And this is why I call you a [email protected] hypocrite you socialist [email protected] 2 days ago you were against corporate welfare & today your for it because the LNP said no. You were against Ford getting more money off KRudd but for Holden getting more money from Abbott. So what it is d1psh1t? About the only constant in your life is being on here with your anti everything the LNP stand for. I bet you won't be anti Abbott when he increases your dole payments next April.
Here's a thought - CCA is an internationally successful company with a supposed $170m cash in the bank spending $500m a new plants in Indonesia to move jobs from here in 2016/17 - let them pay for their own farcking upgrade.
Firstly for Admona's want of a 25 million loan, because that is what this is, not a bail out.... they are getting to keep 4000 people employed and off welfare...or is it just me?....How does that sound to you in comparison of giving the mining company over millions upon millions in perks, handout etc, assisting them get cheap foreign labor by inventing a visa to suit their needs for cheap labour at a cost of Australians jobs.... Holden who have been given billions in bailouts and have failed to secure jobs here for Australians, so what the tax payer got for all our input into Holden was monkey shite all but govenrment loves to prop up big business to our detriment....
.I think most people would see this loan to Admona as a lot safer risk.....in hindsight eh!

When are all governments going to stop force feeding mining and big business in this country ,... why have governments not once thought to do a major shake up in the area of mining and big business or from the top this time, it's about time, why is it that it is always overlooked to target the little guy, who pays more tax in the dollar than business man, MP, CEO or industry owner who earn billions.....What is it about forcing mining and big business to pay their way that causes governments to balk at the knee and turn a funny shade of yellow? We should not be force feeding these people tax payers money, or laying on the perks while reducing their taxes to less than some poor schmuck on the basic wage, while they are making billions.....We certainly do need a tax shake up and it is well overdue for getting a magnifying glass into where our money from these moguls and millionaires goes, how many have money stashed off shore. give the Tax department the laws to pursue these big rorters of the tax payers to the ends of the earth.....Australians want it!

“Fair & Balanced”

Since: Jul 12

wherever there's a mine

#12 Jan 31, 2014
Ahomana wrote:
<quoted text>
Firstly for Admona's want of a 25 million loan, because that is what this is, not a bail out.... they are getting to keep 4000 people employed and off welfare...or is it just me?....How does that sound to you in comparison of giving the mining company over millions upon millions in perks, handout etc, assisting them get cheap foreign labor by inventing a visa to suit their needs for cheap labour at a cost of Australians jobs.... Holden who have been given billions in bailouts and have failed to secure jobs here for Australians, so what the tax payer got for all our input into Holden was monkey shite all but govenrment loves to prop up big business to our detriment....
.I think most people would see this loan to Admona as a lot safer risk.....in hindsight eh!
When are all governments going to stop force feeding mining and big business in this country ,... why have governments not once thought to do a major shake up in the area of mining and big business or from the top this time, it's about time, why is it that it is always overlooked to target the little guy, who pays more tax in the dollar than business man, MP, CEO or industry owner who earn billions.....What is it about forcing mining and big business to pay their way that causes governments to balk at the knee and turn a funny shade of yellow? We should not be force feeding these people tax payers money, or laying on the perks while reducing their taxes to less than some poor schmuck on the basic wage, while they are making billions.....We certainly do need a tax shake up and it is well overdue for getting a magnifying glass into where our money from these moguls and millionaires goes, how many have money stashed off shore. give the Tax department the laws to pursue these big rorters of the tax payers to the ends of the earth.....Australians want it!
Banks give loans to business not governments. And CCA has the cash so they don't even need the loan.

If we give $50m to SPC what guarantee do we get that they buy 100% of produced fruit instead of current 80%? That SPC will process all Australian fruit in Australia? That they don't buy cheap overseas fruit & process it overseas & sell it here under the SPC & Goulburn Valley labels?

Only way to save SPC is if Gov't underwrites farmers for a guarantee minimum income based on acreage which is reduced by the price they sell their crop for. e.g If world price for peaches is $10/ton then that's what SPC buys it off the farmers at & not say $50/t it actually costs. That saves SPC tens of millions & that makes them more competitive. It also means money is going to people in Australia & not corporations overseas. Apparently you've learnt nothing from Ford & Holden fiasco. If we keep giving money directly to big business we'll continue to keep getting farcked by them.

SPC employ 700 people - most are seasonal, not 4000. SPC received $8m from gov't last year. The $50m they want is to further modernise the factory & lay off 1/3 of its work force & shut 2 plants in nearby towns. Sales of tin fruit is down - SPC core business. SPC currently sends fruit to NZ & Indonesia to be processed. SPC lobbied the ALP gov't last year for a 12 month 45% increase in tarrifs on imported tin fruit - ALP said no. SPC told hundreds of farmers we won't buy your fruit instead buy it from USA & Sth Africa. Why would you give them 1 cent?
poo to SPC

Ashburn, VA

#13 Jan 31, 2014
Close SPC down. Could not give less of a f*ck about the fruit industry if I tried.
Good Aussies

Anonymous Proxy

#14 Jan 31, 2014
Calm down kettles and pots.
Good Aussies

Anonymous Proxy

#15 Jan 31, 2014
The way to save Australian businesses is to withdraw from the UN, disband the criminals who source slave labour produced goods in foreign lands, and enforce a homogenous Australian culture and preferably deport all the new non-White arrivals.

This could all be done quite easily given a few good sorts were in power.

At the very least, raise import tariffs to discourage slave labour from non-White nations, which will then encourage Australians to start businesses.

Since: Dec 10

Perth, Australia

#16 Jan 31, 2014
chefboy812 wrote:
<quoted text>
Banks give loans to business not governments. And CCA has the cash so they don't even need the loan.
If we give $50m to SPC what guarantee do we get that they buy 100% of produced fruit instead of current 80%? That SPC will process all Australian fruit in Australia? That they don't buy cheap overseas fruit & process it overseas & sell it here under the SPC & Goulburn Valley labels?
A: Firstly they are getting 4000 people employed for 25 million dollars...what other sort of guarantee is necessary, secondly why should they need a contract to protect workers or orchard farmers...it is not like any of the contract the govenrment signed with Holden or Toyota is being honored, Toyota is even trying to weasel our of paying some of the money owed to the workers as it is...and if the government is pushing this open trade agreement how can SPC prevent the market being flooded by foreign fruit and the orchard farmers going to the wall even if they bought their fruit....OH DER!

Only way to save SPC is if Gov't underwrites farmers for a guarantee minimum income based on acreage which is reduced by the price they sell their crop for. e.g If world price for peaches is $10/ton then that's what SPC buys it off the farmers at & not say $50/t it actually costs. That saves SPC tens of millions & that makes them more competitive. It also means money is going to people in Australia & not corporations overseas. Apparently you've learnt nothing from Ford & Holden fiasco. If we keep giving money directly to big business we'll continue to keep getting farcked by them.
A: This government wants open trade with Asia they won't do any of the above.

SPC employ 700 people - most are seasonal, not 4000. SPC received $8m from gov't last year. The $50m they want is to further modernise the factory & lay off 1/3 of its work force & shut 2 plants in nearby towns. Sales of tin fruit is down - SPC core business. SPC currently sends fruit to NZ & Indonesia to be processed. SPC lobbied the ALP gov't last year for a 12 month 45% increase in tarrifs on imported tin fruit - ALP said no. SPC told hundreds of farmers we won't buy your fruit instead buy it from USA & Sth Africa. Why would you give them 1 cent?
A: It was reported a couple of days ago that SPC will see 1000 job losses directly and 3000 indirectly I am more likely to trust their figures than yours.... Here educate yourself........

http://www.smartcompany.com.au/legal/politics...

You're welcome again....

“Fair & Balanced”

Since: Jul 12

wherever there's a mine

#17 Feb 1, 2014
Ahomana wrote:
<quoted text>
Banks give loans to business not governments. And CCA has the cash so they don't even need the loan.
If we give $50m to SPC what guarantee do we get that they buy 100% of produced fruit instead of current 80%? That SPC will process all Australian fruit in Australia? That they don't buy cheap overseas fruit & process it overseas & sell it here under the SPC & Goulburn Valley labels?
A: Firstly they are getting 4000 people employed for 25 million dollars...what other sort of guarantee is necessary, secondly why should they need a contract to protect workers or orchard farmers...it is not like any of the contract the govenrment signed with Holden or Toyota is being honored, Toyota is even trying to weasel our of paying some of the money owed to the workers as it is...and if the government is pushing this open trade agreement how can SPC prevent the market being flooded by foreign fruit and the orchard farmers going to the wall even if they bought their fruit....OH DER!
Only way to save SPC is if Gov't underwrites farmers for a guarantee minimum income based on acreage which is reduced by the price they sell their crop for. e.g If world price for peaches is $10/ton then that's what SPC buys it off the farmers at & not say $50/t it actually costs. That saves SPC tens of millions & that makes them more competitive. It also means money is going to people in Australia & not corporations overseas. Apparently you've learnt nothing from Ford & Holden fiasco. If we keep giving money directly to big business we'll continue to keep getting farcked by them.
A: This government wants open trade with Asia they won't do any of the above.
SPC employ 700 people - most are seasonal, not 4000. SPC received $8m from gov't last year. The $50m they want is to further modernise the factory & lay off 1/3 of its work force & shut 2 plants in nearby towns. Sales of tin fruit is down - SPC core business. SPC currently sends fruit to NZ & Indonesia to be processed. SPC lobbied the ALP gov't last year for a 12 month 45% increase in tarrifs on imported tin fruit - ALP said no. SPC told hundreds of farmers we won't buy your fruit instead buy it from USA & Sth Africa. Why would you give them 1 cent?
A: It was reported a couple of days ago that SPC will see 1000 job losses directly and 3000 indirectly I am more likely to trust their figures than yours.... Here educate yourself........
http://www.smartcompany.com.au/legal/politics...
You're welcome again....
SPC report to ALP in early 2013 said if they closed that 1000 jobs would be lost. They have since laid off at least 223 workers.

CCA is just the next in line of what is becoming Australian business standard of running a business into the ground they teaming with unions for gov't handouts to save jobs - but end up closing & moving overseas.

ALP productivity report into SPC closure found unemployment would rise 2%- would be 10%+ if 4000 jobs were at risk.

Same report SPC said it would take only half the amount for product needed from Australian farmers. That's less than now.

SPC received $8m in assistance last year & laid off 150 workers - how many lay offs does $50m buy?

CCA said SPC were loosing millions each month with high Aussie $- well it is about 18c lower against the greenback these days so loses should be zero.

Last 12 months SPC Australian sales down 4%- overseas sales down 35%.

SPC want $50m but CCA won't guarantee loan. Why?

Again go to a farcking bank & pay 5% interest instead of an interest free loan from the gov't.
Foo

Australia

#18 Feb 1, 2014
Ahomona should buy Ardmona and call it Ahomona Canned Fruit Company.

Since: Dec 10

Perth, Australia

#19 Feb 1, 2014
chefboy812 wrote:
<quoted text>
SPC report to ALP in early 2013 said if they closed that 1000 jobs would be lost. They have since laid off at least 223 workers.
CCA is just the next in line of what is becoming Australian business standard of running a business into the ground they teaming with unions for gov't handouts to save jobs - but end up closing & moving overseas.
ALP productivity report into SPC closure found unemployment would rise 2%- would be 10%+ if 4000 jobs were at risk.
Same report SPC said it would take only half the amount for product needed from Australian farmers. That's less than now.
SPC received $8m in assistance last year & laid off 150 workers - how many lay offs does $50m buy?
CCA said SPC were loosing millions each month with high Aussie $- well it is about 18c lower against the greenback these days so loses should be zero.
Last 12 months SPC Australian sales down 4%- overseas sales down 35%.
SPC want $50m but CCA won't guarantee loan. Why?
Again go to a farcking bank & pay 5% interest instead of an interest free loan from the gov't.
A: Now I know there is no way you own and run a business....We are just seeing the effects of the global crisis in this country now in real estate, with mansions from those who went bust up way back then up for sale now....To presume that the dollar which has only picked up since just before August 2013 could hope to have a positive effect on long term businesses that suffered huge and continual losses on the back of the highest dollar ever to hit this country and over the longest period in our history, make you look naive and stupid.....How long does it take a thriving town to recover after being hit by a tsunami? How long does it take a business to recover after they have suffered a decade of financial losses, if at all? We are only just seeing what is happening job wise and business wise to our economy now, and there will be more to come!
GoAway

Perth, Australia

#20 Feb 1, 2014
Ahomana wrote:
<quoted text>
SPC report to ALP in early 2013 said if they closed that 1000 jobs would be lost. They have since laid off at least 223 workers.
CCA is just the next in line of what is becoming Australian business standard of running a business into the ground they teaming with unions for gov't handouts to save jobs - but end up closing & moving overseas.
ALP productivity report into SPC closure found unemployment would rise 2%- would be 10%+ if 4000 jobs were at risk.
Same report SPC said it would take only half the amount for product needed from Australian farmers. That's less than now.
SPC received $8m in assistance last year & laid off 150 workers - how many lay offs does $50m buy?
CCA said SPC were loosing millions each month with high Aussie $- well it is about 18c lower against the greenback these days so loses should be zero.
Last 12 months SPC Australian sales down 4%- overseas sales down 35%.
SPC want $50m but CCA won't guarantee loan. Why?
Again go to a farcking bank & pay 5% interest instead of an interest free loan from the gov't.
A: Now I know there is no way you own and run a business....We are just seeing the effects of the global crisis in this country now in real estate, with mansions from those who went bust up way back then up for sale now....To presume that the dollar which has only picked up since just before August 2013 could hope to have a positive effect on long term businesses that suffered huge and continual losses on the back of the highest dollar ever to hit this country and over the longest period in our history, make you look naive and stupid.....How long does it take a thriving town to recover after being hit by a tsunami? How long does it take a business to recover after they have suffered a decade of financial losses, if at all? We are only just seeing what is happening job wise and business wise to our economy now, and there will be more to come!
Who cares you know-all baggase. Go and get a job and leave the running of the country to those who know what they are doing.

“Fair & Balanced”

Since: Jul 12

wherever there's a mine

#21 Feb 1, 2014
Ahomana wrote:
<quoted text>A: Now I know there is no way you own and run a business....We are just seeing the effects of the global crisis in this country now in real estate, with mansions from those who went bust up way back then up for sale now....To presume that the dollar which has only picked up since just before August 2013 could hope to have a positive effect on long term businesses that suffered huge and continual losses on the back of the highest dollar ever to hit this country and over the longest period in our history, make you look naive and stupid.....How long does it take a thriving town to recover after being hit by a tsunami? How long does it take a business to recover after they have suffered a decade of financial losses, if at all? We are only just seeing what is happening job wise and business wise to our economy now, and there will be more to come!
Are you seriously saying you can't see how a 22% drop in the Aussie dollar in 6 months helps with exports. Did you miss the bit where SPC said exports were down 35% in 2013 & 57% since 2010 due to high Aussie dollar costing them millions. Last time SPC mad a profit was when the AUD was below 85c USD - as it is now. How many of our competitor countries can offer an effective 20% discount in 2014 for goods?
As for town recovery - Girgarre, not far from shepperton, lost 140+ jobs (25% of work force) when Heinz shut down. In 2 years the population grew & unemployment actually fell & a number of new business's started in the town. Country people are not as fragile as you city folk.

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