Ford is on its way out the door. General Motors Holden is likely to reveal soon that it will follow Ford's lead (and Toyota might not be too far behind). Over the past six weeks, Electrolux has announced plans to close the country's last fridge and freezer plant at a cost of 500 jobs. Simplot, better known as the maker of Birds Eye and Edgell, is due to cut much of its regional NSW workforce. SPC is fighting to keep its production facilities afloat.
Now Qantas, another Australian business icon, is staring at the corporate mortal coil.
Collectively, they are a sign of how the Australian economy is changing.
The rise of the resources sector, its demand for workers and the upward pressure it has put on the Australian dollar are clearly being felt in the non-resources parts of the economy.
But the case of Qantas has its own special quirks. It is almost impossible to believe a company that has 65 per cent of the domestic market could run at a loss through the past six months. But Qantas is managing to do it.
The airline has canvassed options for survival including renationalisation or a taxpayer-protected guarantee.
Almost all its proposals include a government handout or less competition. There are plenty of other industries that would love that sort of assistance. Some companies fail because of events beyond their control or they get caught up by huge economic change such as the recent minerals boom.
Others are done over by technology, changes in taste or low-cost competitors.
And some fail because of bad management.