On The Money

The troubled Whyalla Steel and mining group, Arrium, has gone into voluntary administration after failed discussions with lenders. The move puts nearly 7000 jobs at risk in the South Australian town, where Arrium anchors the economy. The future of Australia’s manufacturing and building industries will be looking bleak if the former BHP Billiton subsidiary is allowed to collapse.

Features: Professor John Spoehr, Director of the Australian Industrial Transformation Institute.

Image: Whyalla by Gary Sauer-Thompson on Flickr