Another 2,000 jobs in Canada's auto industry have been gobbled up with the shutdown of 11 small plants operated by a Toronto-area company that makes plastic instrument panels.
The auto-parts industry is feeling the pinch from soaring fuel costs and a corresponding drop in demand for gas-guzzling vehicles, and is having a devastating effect on southern Ontario's auto manufacturing sector,
Last month, GM announced that the truck assembly plant in Oshawa would be among four North American plants being closed in the next few years. About 2,600 people work at the Oshawa facility.
Also last month, Magna International Inc., Canada's largest auto-parts manufacturer, announced it would be cutting 400 jobs at its plant in St. Thomas, Ont., due to flagging truck sales.
New statistics suggest sales are not likely to improve in the near future.
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The auto-parts industry is feeling the pinch from soaring fuel costs and a corresponding drop in demand for gas-guzzling vehicles, and is having a devastating effect on southern Ontario's auto manufacturing sector,
Last month, GM announced that the truck assembly plant in Oshawa would be among four North American plants being closed in the next few years. About 2,600 people work at the Oshawa facility.
Also last month, Magna International Inc., Canada's largest auto-parts manufacturer, announced it would be cutting 400 jobs at its plant in St. Thomas, Ont., due to flagging truck sales.
New statistics suggest sales are not likely to improve in the near future.
Read full story
Are you a laid off manufacturing worker? Tell us your story.
More...