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

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 99%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

General 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.

Hundreds of jobs have been saved at an Oshawa, Ont. General Motors plant as the company invests $170 million to transform the facility.

Unifor national president Jerry Dias said one of the key aspects of the announcement is “the first ever” aftermarket facility for GM. GM is also planning to transform part of the property at the Oshawa plant into a test track for autonomous vehicles and advanced technology vehicles. “This announcement, though it might not have a lot of jobs as we sit here today in May, there’s going to be a heck of a lot more in December. There will be more next year. There will be more the year after as we continue to attract work.”

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.

Todd Smith, Ontario’s Minister of Economic Development, Job Creation and Trade, called the announcement “good news for the City of Oshawa and all of Durham.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I suspect there was some corporate welfare involved! 🤔☑️

More than I thought you would get! Congratulations for doing as well as you did...

Pay 566k$ to each of the 300

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.

Canada Canada Latest News, Canada Canada 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 »