CANBERRA – The Australian government says it will establish a A$50 million ($35 million) assistance package in the wake of the closure of Mitsubishi Motors Australia Ltd.'s engine and foundry plants in South Australia. About 700 jobs will be lost when the plants close in October 2005. The closure of the operations had been widely expected as part of the parent company's global restructuring plans. (See related story: Mitsubishi to Cut Production as Part of Latest Turnaround Plan) ...
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