Home
 
Choose Your City
Change City

More auto jobs at risk

As General Motors and Chrysler scrambled to finalize U.S. restructuring plans that involve new job cuts, Prime Minister Ste­phen Harper warned that more streamlining also awaits the battered Canadian auto sector.

As General Motors and Chrysler scrambled to finalize U.S. restructuring plans that involve new job cuts, Prime Minister Ste­phen Harper warned that more streamlining also awaits the battered Canadian auto sector.

Harper said he’s confident GM will not pull out of Canada, a possibility raised by the Canadian Auto Workers union. But he said that doesn’t mean the industry should expect the status quo going forward.

In its proposal, Chrysler said it needs another $5 billion US to survive, and it will cut 3,000 jobs and three vehicle models as part of the restructuring plan submitted to the U.S. government.

GM said it may need up to $30 billion US — borrowing up to $16.6 billion more from the government — as it implements a survival plan that includes cutting 47,000 jobs and closing five more U.S. factories.

Ford is not part of any bailout talks in Canada or the United States.

 
 
You Might Also Like