Without a successful bid to current train carriage building contracts or the prospect of alternative future work, the historic Alstom plant in Creswick Road will not be viable, according to the manufacturer.
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The gloomy news about one of Ballarat's key manufacturers comes amid more delays and uncertainty over the State Government's metropolitan train orders which are yet to be finalised.
Alstom had created an outline for a plan to create 20 new X'Trapolis 2.0 trains, which could carry more than 1200 passengers per locomotive.
The company's current $103 million contract to build five more trains at Ballarat is due to wind up in mid-2020.
The Victorian Government confirmed on Tuesday no decision has yet been made about the contract, after an apparently fruitless meeting of the Infrastructure Committee on Monday.
An Alstom spokesperson said on Tuesday they were still in the dark about the timing of the Victorian Government's decision.
But they said the company's position remains the same: if a new contract is not secured in the near future, "the continued operation of the site and the retention of jobs will not be viable beyond the current order that will be completed".
About 75 to 80 workers in Ballarat design and assemble the new metropolitan trains in the company's Ballarat workshop, including apprentices and trainees.
A government spokesman said the Victorian government has a "long productive working relationship" with Alstom, with a decision to be made at a later date.
Electrical Trades Union organiser Damian King previously warned jobs at the Ballarat train manufacturing facility could be "falling off a cliff", with the new X'Trapolis 2.0 project not included in this year's budget.
Ballarat federal MP Catherine King said she was "disappointed" that so far Alstom has been unable to secure continuing work in Ballarat.
"Alstom is a significant employer and an important part of our community, and I hope they remain so into the future," she said.
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