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Article: Canadian auto industry faces more job losses
- Article from:
- The Brandon Sun
- Article date:
- February 18, 2009
- Author:
CopyrightCopyright The Brandon Sun Feb 18, 2009. Provided by ProQuest LLC. (Hide copyright information)
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TORONTO - General Motors is cutting 47,000 jobs globally and shutting down five more U.S. factories in a massive restructuring that will almost certainly spill over into Canada and rip into the heart of the country's industrial sector in Ontario.
The big U.S. company and rival Chrysler LLC both proposed restructuring plans late Tuesday that will see them seek billions more in government loans than they predicted just two months ago.
The two automakers also plan further job cuts - Chrysler plans to pare 3,000 jobs in the U.S. - and additional cuts to production and the number of models they offer to car buyers over the next few years.
Prime Minister Stephen Harper and other senior Canadian ...