GM preserves 300 jobs as part of $170M investment at Oshawa, Ont. plant

GM Canada and Unifor announced that the current facility, which manufacturers several vehicles, will transition to stamping and sub-assembly. The company says the move is expected to save 300 of the 2,600 jobs that will be affected by the ceasing of vehicle production at the facility by the end of 2019.

Hester said their current plan would see the plant handle 50 aftermarket component sets. These parts can include everything from doors and roofs, to quarter panelling and trunks. Dias said that, while GM’s commitment right now is only for 300 jobs, that is likely to expand in the future. Hester says 50 per cent of GM employees and Unifor members will likely take retirement packages. Details of what the retirement package will include are expected to be released on Thursday. General Motors is also expected to reveal how many potential transfer jobs will be available to employees at the Oshawa plant.

Wow... more than half a mill per job.... utterly outrageous

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GM, Unifor announce investment in Oshawa plant that will bring 300 jobsGeneral Motors Canada says it will invest $170 million dollars in its Oshawa, Ont., plant to transition the facility from manufacturing vehicles to stamping, sub-assembly and autonomous vehicle testing. Peanuts 300 of 2600 saved small victory but for how long His actual tweets!
Source: CTVNews - 🏆 1. / 99 Read more »

GM to save 300 jobs at Oshawa, Ont. plant as part of $170M investmentGeneral Motors is investing $170 million into its Oshawa, Ont. plant, saving 300 of the 2,600 jobs that are slated to be lost when the facility halts vehicles production by the end of 2019. I am not a big union supporter (skilled trades maybe, but not public sector nor unskilled labor). Not a Dias fan. But I give him credit for extracting these few crumbs from GM. Pay 566k$ to each of the 300 More than I thought you would get! Congratulations for doing as well as you did...
Source: CTVNews - 🏆 1. / 99 Read more »