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 Crony Statism: OZschwitz PM says company loan will 'save jobs'

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Crony Statism: OZschwitz PM says company loan will 'save jobs' Vide
PostSubject: Crony Statism: OZschwitz PM says company loan will 'save jobs'    Crony Statism: OZschwitz PM says company loan will 'save jobs' Icon_minitimeSat Jul 23, 2016 8:20 pm
Struggling steelmaker Arrium will secure a $49 million federal government lifeline under a loan that Prime Minister Malcolm Turnbull's government says will protect thousands of at-risk jobs.

Crony Statism: OZschwitz PM says company loan will 'save jobs' 1469177264450

Friday's announcement comes after the Coalition made a pre-election pledge to loan Arrium the money for new machinery that will allow it to produce a higher grade of steel and boost the company's profitability.

http://www.smh.com.au/business/workplace-relations/arrium-loan-to-save-jobs-turnbull-20160722-gqbw8u.html
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