Automotive Components Ltd.’s receivers say as many as 120 jobs at the struggling Australian supplier must be eliminated in order for the company to remain viable, and they will force layoffs if workers do not agree to voluntary redundancies, The Australian newspaper reports. Meanwhile, ACL workers reportedly are enraged that two directors took separation packages worth A$665,000 ($577,155) at the height of the supplier’s turmoil, while employees took a voluntary 20% pay cut. ACL’s ...
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