GM to cut Ontario jobs amid slow truck sales: report - Canadian TV, Computing and Home Theatre Forums

hugh · 2007-08-30, 08:46 AM

General Motors of Canada will cut about 1,000 jobs at a truck plant in Oshawa, Ontario, in January amid slumping pick-up sales

This news plus the strength of the CDN dollar is not good news for employment in Ontario.

bete_noir · 2007-08-30, 10:10 AM

They need some new, attractive products. You can't rely on hiccup trucks and gas-guzzling SUVs forever, no matter what Buzz Hargrove may think.

otown47 · 2007-08-30, 11:39 AM

This could also be because of increased competition from Japanese trucks. I'm sure if the market for them turns around then the scheduled cutback may be cancelled.

bete_noir · 2007-08-30, 10:18 PM

The analysts on the news were relating it all to the slowdown in the US, particularly the building trades. Truck sales there are way down, whereas they are actually up about 15% in Canada....but it doesn't matter, the majority of the Chevy and GMC pickup trucks produced at the Oshawa plant were headed to the US....

spensar · 2007-08-31, 12:34 AM

I've heard the US sub-prime mortgage trouble and the higher CDN dollar being blamed, but no mention that the Japanese makers, especially Toyota is taking square aim at the US truck makers with good full size offerings including going head to head with the biggest like Silverado.

2007-08-30, 08:46 AM	#1
hugh Member #1 Join Date: Dec 2001 Location: Toronto Posts: 47,492	GM to cut Ontario jobs amid slow truck sales: report General Motors of Canada will cut about 1,000 jobs at a truck plant in Oshawa, Ontario, in January amid slumping pick-up sales This news plus the strength of the CDN dollar is not good news for employment in Ontario. __________________ As of January 2012, I am no longer the owner of the Digital Home website. If you have questions about the operation of the site, please contact VSAdmin. For personal inquiries contact me at the Hugh Thompson website.

2007-08-31, 12:34 AM	#5
spensar Join Date: Nov 2006 Location: Ottawa Posts: 1,113	I've heard the US sub-prime mortgage trouble and the higher CDN dollar being blamed, but no mention that the Japanese makers, especially Toyota is taking square aim at the US truck makers with good full size offerings including going head to head with the biggest like Silverado. __________________ Panasonic TH-42PX60U, Harmony 670, Rogers HD 8300, 3250HD, Denon AVR-591, Chartwell SL3-5A, Venturer SHD-7000, Samsung 1600 BR.

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2007-08-30, 10:10 AM	#2
bete_noir Join Date: Aug 2005 Location: Richmond Hill, ON Posts: 670	They need some new, attractive products. You can't rely on hiccup trucks and gas-guzzling SUVs forever, no matter what Buzz Hargrove may think.

2007-08-30, 11:39 AM	#3
otown47 Veteran Join Date: Jul 2002 Location: Ottawa, Rogers Posts: 3,902	This could also be because of increased competition from Japanese trucks. I'm sure if the market for them turns around then the scheduled cutback may be cancelled.

2007-08-30, 10:18 PM	#4
bete_noir Join Date: Aug 2005 Location: Richmond Hill, ON Posts: 670	The analysts on the news were relating it all to the slowdown in the US, particularly the building trades. Truck sales there are way down, whereas they are actually up about 15% in Canada....but it doesn't matter, the majority of the Chevy and GMC pickup trucks produced at the Oshawa plant were headed to the US....