$200m secures Bell Bay Aluminium smelter jobs
Government commits $200 million over five years to secure 550 Bell Bay Aluminium jobs.
After months of uncertainty, the Albanese government and Tasmania announced a rescue package for Bell Bay Aluminium. The package is worth $200 million over five years.
The package will keep the smelter running and protect 550 jobs. A new power deal will give the smelter better electricity rates through Hydro Tasmania.
This deal should create $5 billion in economic activity over five years. A wider industry strategy for the region will be developed to guide the smelter's future.
Rio Tinto owns the smelter and will work with both governments on the plan.
- $200 million over five years
- Government funding
- 550
- Jobs protected
- $5 billion over five years
- Forecast economic activity
- more than a quarter of Tasmania
- Electricity share
Why it mattersThe deal protects 550 jobs and shows manufacturing stays in Australia.
Australia550 Tasmanian workers keep their jobs; Australia retains aluminium production capability. The investment signals government commitment to regional manufacturing across Australia.
Corroborated bytheadvocate.com.au
✓ Claims checked against the source and corrected before publish. checked 2 h ago
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