582,000 Canadian jobs would be lost with collapse of Big Three: report

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Canada would lose 582,000 jobs within five years if the Big Three automakers completely shut down, according to a report prepared for the Ontario Manufacturing Council, an advisory panel of industry and labour representatives.


Half a million jobs will be lost , says the mouthpiece of the Big Three , which is paid to convince the government to GIVE THEM MONEY !!!! and is just about as biased a source of information as can possibly exist given that Pravda was finally shut down over in russia a while back.


Effects on employment would be felt right away, the report states, with Canada losing 323,000 jobs if production ceased immediately, and 281,800 in Ontario alone, the report forecasts. Those figures would climb in five years to 582,000 jobs nationally in 2014, 517,000 of those in Ontario.


And these people will be out of work forever ! According to this report it is impossible that they will find jobs elsewhere when their current employment dries up ! That is not part of the equation !

Nor is it mentioned the typical Big Three policy of taking the money and running. Meaning that these jobs are lost ANYWAYS , we just want to take you for one more ride for as much as we can before we clear out of here and dump those useless workers producing cars no one wants on you anyways !


The depreciation of the Canadian dollar, lower interest rates and lower production costs would eventually help the economy to partially recover, but the loss of the Detroit Three would leave a permanent dent in Canada's economy in terms of jobs and output, the document says.


No "dent" in any economy is permanent. People find other jobs, other places to buy cars, new factories producing cheaper, smaller stuff opens up, stuff like that. I know I know, mentioning such things is contrary to the whole GIVE US MONEY !!! philosophy of the big three, but it's true though. Trust me.


"This report says that Canada is better off providing life-support to GM and Chrysler, because the demise of auto in Canada is the economic equivalent of a nuclear freeze, with catastrophic effects that would knock us into a deep recession," said Ontario Economic Development Minister Michael Bryant.


Of course it says that. The Big Three would not have published it had it not said so, they would have kept it really , really quite, and started looking around for other reports.



And of course Michael Bryant is a liberal , one of the pro-business give them whatever they want keep the money flowing to us kind of guy. I knew that before I even googled it. (Link provided). You just had to listen to the "give big business money" attitude to know that. Google merely confirmed it.