IRON TRADE.
REDUCED WAGES NECESSARY.
(A- and N.Z. Cable.) /.(Received 10.55 a.m.) SYDNEY, January 5. Mr. Hoskins, managing director of the Lithgow ironworks, states that a reduction in wages is imperative if the local iron and steel trade is to survive. Investors at the present time find it more profitable to put their money into loans than into buildings, in consequence of the prohibitive . costs.
.He suggests a reduction of from 20 per cent, to 25 per cent, in wages, perhaps more, as it is imperative that wages in Australia should not exceed those in America. .
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Bibliographic details
Thames Star, Volume LVII, Issue 15120, 5 January 1922, Page 5
Word Count
96IRON TRADE. Thames Star, Volume LVII, Issue 15120, 5 January 1922, Page 5
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