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Old 06-12-2008, 09:28 PM
Canadian Canadian is offline
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Join Date: Jun 2008
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Default GM shutting down the Oshawa plan

Things don't look good for the Canadian economy, or at least for Ontario. A few days back GM announced that they'll be closing their Oshawa pickup truck plant. GM will layoff around 2,600 employees at this plant next year, and the plant closure will affect many other businesses that supply the plant, which might result in additional layoffs.

What is worrisome is that all these manufacturing jobs were relatively well paid, and now with the struggling auto industry, all laid off people will have a hard time maintaining their standard of living and finding a job. This doesn’t bode well for our economy.
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