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Article: GM truck plant in Oshawa closing
- Article from:
- Winnipeg Free Press
- Article date:
- June 4, 2008
- Author:
CopyrightCopyright F.P. Canadian Newspapers Limited Partnership Jun 4, 2008. Provided by ProQuest LLC. (Hide copyright information)
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By Romina Maurino
TORONTO -- In a move its Canadian union calls "illegal" and a betrayal, General Motors Corp. (NYSE:GM) is shutting four North American truck plants, including one in Oshawa, Ont., that employs 2,600 people.
The company said the shutdowns were in response to "recent developments on the global oil scene" that have led to high gasoline prices, which represent "a structural change, not just a cyclical change."
CEO Rick Wagoner said the Oshawa pickup truck and SUV plant, east of Toronto, will cease production in 2009 "and we don't have plans to allocate future products" -- meaning a probable permanent closure.
The CAW reacted angrily to the news, vowing to fight the decision.
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