November 21, 2005
"TOO BIG TO FAIL"? MAYBE NOT YET BUT THE HURT IS COMING
Futher to Damian's post below, GM Canada is going to take a big hit.
General Motors plants in Oshawa and St. Catharines, Ont., will shut down as the automaker announced closures at twelve North American facilities and 30,000 jobs cuts on Monday.
GM chairman and CEO Rick Wagoner said the third shift at GM Canada's Number 1 plant in Oshawa will be cancelled in the second half of 2006, while the Number 2 plant will be closed in 2008.
Speaking in Detroit, Mich., Wagoner also said the St. Catharines powertrain plant on Ontario Street West will cease production in 2008.
The closures mean roughly 3,660 jobs will be lost in Canada. The Oshawa Number 2 plant closure will mean 2,300 hourly and 230 salaried jobs will go, while 1,000 jobs will be lost with the end of the third shift at Oshawa Number One plant.
Closure of the powertrian plant in St. Catharines will cost about 130 jobs.
General Motors had about 20,000 employees in this country prior to the latest cuts.
Posted by markc at November 21, 2005 11:18 AM | TrackBack