Senator the Hon Stephen Conroy
Minister for Broadband, Communications and the Digital Economy
Deputy Leader of the Government in the Senate
Minister Assisting the Prime Minister on Digital Productivity
$11 million investment thanks to the NBN creates 50 new jobs in North Sydney
The Minister for Broadband, Communications and the Digital Economy, Senator Stephen Conroy, today announced that thanks to the National Broadband Network up to 50 new jobs will be created in North Sydney, following an $11 million investment by Prysmian fibre company.
Speaking at the opening of Prysmian's new ribbon fibre facility in Dee Why, Sydney, Senator Conroy said âThis is another example of how the Gillard Government's investment in the NBN is bringing 21st century manufacturing jobs to Australia. The jobs at Prysmian are in addition to the 16,000 to 18,000 direct Australian jobs NBN Co estimates will be created as a direct result of the NBN.
"Through the NBN, the Gillard Government is securing Australiaâs economic future. The NBN will deliver tremendous economic and social benefits to New South Wales and Australia, through increased productivity, greater employment opportunities and better access to information and services.
"The NBN rollout is ramping up, with NBN Co on track to meet its target of having work commenced or completed for 758,000 homes and businesses by the end of this year," Senator Conroy said.
Prysmian is a primary supplier of underground optic fibre cabling for the NBN rollout. The company has invested more than $11 million in its Dee Why manufacturing facility, creating up to 50 new local jobs alongside the company's 100 existing Dee Why employees.
"This investment will provide a boost for the local economy and is part of Prysmian's commitment to source 80 per cent of the value of its contract with NBN Co in Australia," Senator Conroy said.
Date: 9 August 2012
Contact: Adam Sims 0408 258 457