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PM Stephen Harper Optimistic GM won't leave Canada

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Old 02-18-2009, 08:59 AM
Chuck Chuck is offline
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PM Stephen Harper Optimistic GM won't leave Canada

GM has 12,000 working in Ontario: Chrysler has 9,800... CAW negotiating.

http://www.cleanmpg.com/photos/data/501/PM_Stephen_Harper.jpg
Paul Vieira and Nicolas Van Praet - Canada - Feb. 17, 2009

My apologizes to our neighbors up north and hope the spirit of the Canada-US Auto Pact of 1965 does not unravel. -- Ed.

Stephen Harper, the Prime Minister, said Tuesday he is "not concerned" about General Motors Corp. abandoning Canada as part of a restructuring plan the struggling U.S. auto maker is set to hand to Washington.

But he reiterated the restructuring would come at a cost to the country, likely in lost jobs, mostly in Ontario.

"I’m confident with our participation in the restructuring that we’ll maintain our share of this industry in North America," Mr. Harper told reporters during an appearance in Toronto. "That’s not to say... there will not be job losses. Because we know there are some tough decisions to be made."

Concerns are mounting that GM is facing such a difficult sales environment in various regions of the world that it will be forced to slash its workforce more than previously planned and idle or shut down more plants. The company is weighing whether to close or sell as many as four European plants to cut costs further, Bloomberg reported... [Read More]
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Last edited by Chuck : 02-18-2009 at 09:17 AM.
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