Ja­panese auto-parts maker Yazaki closes Samoa plant

The Myanmar Times - - Business -

SAMOA’S largest pri­vate em­ployer, Ja­panese auto parts maker Yazaki, is clos­ing its Apia fac­tory with the loss of 740 jobs – a ma­jor blow for the tiny Pa­cific na­tion.

Yazaki blamed knock-on ef­fects from the shut­down of Aus­tralia’s car in­dus­try for the clo­sure, which will be com­pleted by the end of next year.

It cited “the com­pet­i­tive, fastchang­ing, au­to­mo­tive busi­ness en­vi­ron­ment, such as the with­drawal of the ... au­to­mo­tive man­u­fac­tur­ing sec­tor within Aus­tralia”.

Yazaki, which spe­cialises in wiring har­nesses, has op­er­ated in Samoa for 25 years, bring­ing much­needed man­u­fac­tur­ing jobs to the de­vel­op­ing South Pa­cific na­tion of 200,000 peo­ple.

But with the Aus­tralian car in­dus­try in seem­ingly ter­mi­nal de­cline, it has no mar­ket for its prod­ucts. Yazaki Samoa pres­i­dent Craig O’Dono­hue said the com­pany had looked at diver­si­fy­ing away from car parts in a des­per­ate bid to re­main open.

“We put to­gether a crazy sum­mary of busi­ness op­por­tu­ni­ties, in­clud­ing mak­ing flour from bread­fruit ... but we just couldn’t find any­thing vi­able,” he said. –

Newspapers in English

Newspapers from Myanmar

© PressReader. All rights reserved.