Dollar drags CSR over broken glass

CSR's job cuts and glass business restructure are the latest in a long line of similar moves as the high dollar wreaks a replay of the tariff walls removal trauma. But there will, in the end, be some positives.

The dark cloud that has enveloped the manufacturing and retail sectors in the past few years may have a tinge of silver in it.

A major factor in the stresses imposed on the non-resource sector has been the strength of the Australian dollar, which broke through parity with the US dollar nearly three years ago.

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