Automotive firm, Holden has asked the government to double its support to the company manufacturing cars in the country or it will have to leave the manufacturing sector in the country.

Holden has presented an unprecedented demand for its workers at its manufacturing facilities in Australia to accept a pay cut or else the company would be forced to abandon the country like its US-Based rival, ford. Company’s managing director Mike Devereux indicated that the company might have to leave the country if the government does not offer long term funding for the industry.

The company has asked the federal government to provide funding for the car industry in the country and indicated that it would try to cut wages at its manufacturing facilities in the country. The company has said that it wants a further $265 million besides the $275m already committed by Canberra, South Australia and Victoria, according to sources. Union officials have said that Holden employees are increasing looking for employment opportunities elsewhere and are opting for voluntary separation package after the company expressed doubt over its continued operations in Australia.

Experts have said that the exit plans for Ford will give extra bargaining power to the company in negotiating with the government of the country. The company is losing money on every car it produces in the country.