Bosch receives around funding to secure 842 manufacturing jobs.
Eighty-nine new jobs will be created by a Victorian advanced manufacturer, with Premier Denis Napthine today announcing that the Victorian Coalition Government is supporting Robert Bosch Australia’s $40 million redevelopment of its facility in Melbourne’s south east.
Dr Napthine said the upgrade would also secure 842 existing jobs and ensure that Bosch Australia’s head office remained in Melbourne.
“This is the single largest investment by Bosch in Australia since the local subsidiary was established in 1954,” Dr Napthine said.
“The project – which includes the construction of new offices, workshops, testing facilities and training rooms – is a huge vote of confidence by the Victorian manufacturer.
“This investment will enable Bosch to diversify its operations and focus on developing and selling high-tech products into growing markets.
“My Government is proud to partner with industry and make strategic co-investments such as this to deliver new jobs and economic growth for the state of Victoria,” Dr Napthine said.
Robert Bosch employs 1,144 staff in Australia, with 842 in Victoria. The redevelopment of its Clayton manufacturing plant is due to be completed by early 2016.
Minister for Manufacturing David Hodgett said the Victorian Coalition Government had worked closely with Bosch Australia on its plans to redevelop its Clayton site and capture new opportunities.
“This major upgrade will help Bosch Australia further diversify from automotive original equipment to key strategic growth areas such as the automotive aftermarket, consumer goods, industrial and building technologies and energy technologies and services, which it expects to account for up to 90 per cent of its business in the near future.”
“It will enable the company to progress new and emerging opportunities in vehicle servicing, niche electronics, component remanufacturing, and energy storage solutions. It will also further strengthen its co-operation with the global Bosch corporate research organization,” Mr Hodgett said.
Bosch Australia President Mr Gavin Smith said the planned investment was a clear signal by the company’s German parent that they remained confident about the business outlook in Australia.
Bulletpoint estimates the size of funding to be around $1M. Comment was sought from the Victorian Government prior to publication.