Both federal and provincial government say GM has no intention of backing off the decision.
GM has confirmed what was already known last night.
The Oshawa plant will close in 2019, with no new product being allocated to it.
As a result, 2,600 workers will lose their jobs.
The move by GM is widely seen as a massive betrayal, considering that Canadian taxpayers gave GM tons of money to keep them going, and the company had given previous reassurances about their operations in Oshawa.
In addition to the direct job losses, there could be nearly 30,000 additional job losses from spin-off jobs. It is estimated that the Ontario economy could lose $5 billion as a result of the GM betrayal.
This is a tough moment for the workers in Oshawa, who gave their best to the company and were betrayed by General Motors.
And it’s bad news for Canada overall, the latest in a string of damage to important parts of the Canadian economy.
Photo – YouTube