New funding backs Whyalla workers
The Federal and South Australia Governments have allocated a further $275m in funding to continue operation of the Whyalla Steelworks as it transitions to new ownership.
The funding will facilitate continued safe operations, pay wages and suppliers and undertake critical works to strengthen the steelworks positions as a viable long-term asset for a new owner.
Whyalla Steelworks is one of the state’s most strategically important employers and a key part of Australia’s manufacturing capability. The additional funding follows the formal opening of the sale process in June, marking a crucial next step in securing a sustainable future for the steelworks and the region.
South Australia Industry and Innovation Minister Tim Ayres says the funding will give certainty to the thousands of people in Whyalla and surrounding communities connected with the steelworks.
“The [Federal and South Australia] Governments significant intervention has stabilised the steel works while keeping workers in jobs and keeping this critical Australian steelmaking asset running while the most suitable owner is found,” he said.
“The commitment to securing the most suitable owner will safeguard Australia’s future steelmaking capability, ensuring Australia has the steelmaking capability it needs for the future.”
The Federal and South Australia Governments welcome interest from all credible bidders and will engage, at the appropriate time, with any bidder who has a competitive plan for modern steelmaking in Whyalla.
South Australia Premier Peter Malinauskas says the funding is a vote of confidence in delivering a long-term sovereign steelmaking capability for Australia.
“We took decisive action to place the steelworks in administration, and together with the [Federal Government], have worked in partnership to put Whyalla in the best possible position to realise its economic potential with a modern manufacturing capability,” he said.
“The steelworks has been stabilised, jobs are secure and the sales process is proceeding well.”