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Toyota to close plant in Australia

Toyota will close one of the Australian factories in Altona. According to ABC, the move will lead to the loss of some 2600 jobs. At the same time, 1300 people will be employed in the offices and workshops of the car maker in other states of Australia. 

In 2016, Ford closed its last two Australian manufacturing plants. Now General Motors-owned Holden is planning to close its plant in Adelaide. 

Automakers leave Australia due to a significant rise in the cost of production, a fragmented market and growing competition from foreign companies.

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