COST OF PRODUCTION
AUSTRALIAN INDUSTRIES CRIPPLED. FOREIGN COMPETITION A MENACE. Press Association—By Telegraph—Copyright. Australian and N.Z. Press Association. SYDNEY, April 27. (Received April 27, at 11.5 p.m.) A special court under the F.ight Hours Amendment Act refused to grant an application for an extension of the forty-four-hours’ week to the employees of tho Broken Hill Proprietary's steel works at Newcastle. Mr Justice. Beeby stated that it was not expedient at present, to make any industrial change which would increase tho cost, of production. Foreign competition had again become a serious menace, which could only be met by tho further lowering of prices. The immediate problem was for the company to achieve a producing cost which would enable it to further reduce tho sidling prices. .As the labor cost was Hie main clement there was a necessity for the company's employees to conic to a now basis of wage payments hearing relation to the local average selling price of iron and steel.
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Bibliographic details
Evening Star, Issue 17955, 28 April 1922, Page 6
Word Count
161COST OF PRODUCTION Evening Star, Issue 17955, 28 April 1922, Page 6
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