We said the Coalition Government in Victoria would stand ready to assist in the restructure of CMI Industrial, and we have done so.
My department has been working with Ford, the receiver and the landlord and today a resolution of a dispute which has stalled production of key components for the automotive manufacturing sector was achieved.
These have been difficult negotiations. The Government's aim was always to restart production at the Campbellfield CMI plant as quickly as possible in order to minimise distress to the workforce and limit disruption to the wider industry.
It is pleasing that an agreement has been reached through commercial negotiations.
We look forward to the manufacturing operations at CMI Industrial resuming no later than Monday morning, so that Ford and others in the supply chain can get the components they need, and get back to work.
I need to stress that the challenges facing the company remain significant.
I understand there has been an immediate impact today for some 17 employees made redundant in Horsham and Ballarat as part of the corporate restructuring.
This will be distressing for the workers, and for the families involved. My Department will be seeking in the coming days to make contact with affected employees to assist with financial counselling and provide advice on alternative employment options.
The Victorian Government will continue to work with Ford and the receiver in an effort to secure the future of the manufacturing operations of CMI Industrial.