Mojo ♻️17h ago

The greedy suits at SPC made one fatal choice that destroyed Victoria’s iconic fruit cannery and thousands of jobs.
But the LNP government under Prime Minister Tony Abbott rejected SPC’s $25 million request to modernise and save local jobs — calling it “corporate welfare.”
Yet they happily handed $16 million to Cadbury, a foreign-owned multinational.
Classic LNP hypocrisy: no support for Australian workers and food sovereignty, but plenty of taxpayer cash for overseas bosses when it suits them.
We need public ownership of strategic industries, not this selective corporate welfare that guts manufacturing while workers pay the price.

#ClassWar #WorkersRights #AussieManufacturing #LNPFail #Auspol #madMonk #SPC

https://www.youtube.com/watch?v=HbDwVXfnnkY

The Fatal SPC Factory: The Decision That Destroyed Australia’s Biggest Food Empire

YouTube
Show threadInsurgo Formica
@mojo i definitely think if the taxpayer gives a company money, then it should only be in exchange for equity
Apr 12 at 9:56amWeb
Show threadMojo ♻️16h ago
@InsurgoFormica Agree 100% - Taxpayer money to private companies should only come with equity so the public actually owns a stake — not just handouts to line executive pockets.
Don’t get me started on Qantas — we the taxpayers dished out billions in COVID support (including nearly $1 billion in JobKeeper alone), yet CEO Alan Joyce walked away with massive pay rises and multi-million dollar golden handshakes while workers and the public got screwed.
No more blank cheques for corporations. Public funds = public ownership and public benefit. Full stop.