Bank joins jobs drive

Geelong Advertiser - Rebecca Tucker, October 6th, 2008

ONE of Australia's big four banks has joined the Geelong Advertiser's Ford jobs drive campaign.

The Commonwealth Bank will offer financial planning assistance for Ford employees who lose their jobs when the car manufacturer slashes jobs from next month.

Commonwealth Financial Planning general manager Tim Gunning said the group would offer free seminars for the out-of-work employees and would waive initial advice fees, worth up to $1650.

The offer is open to employees at both Geelong and Broadmeadows, with between 300 and 350 jobs set to be cut across the two plants in line with Ford's plan to slash production by up to 25 per cent.

By 2010, more than half Ford Geelong's 1300 manufacturing workers will lose their jobs.

Ford will axe 600 jobs from Geelong when its six-cylinder engine production ends in two years.

``Some of these people will be getting large amounts of money and it's important that they invest the money wisely and make it work for them, especially in these uncertain times,'' Mr Gunning said.

The Geelong Advertiser began the Jobs Drive when Ford announced its production cuts in August.More than 15 employers have signed up to the campaign, pledging to consider Ford workers in their hunt for new jobs.

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