If output is reduced by 50 percent, 296,000 jobs would be lost nationally, said the 11-page report prepared for the Ontario Manufacturing Council. "The economic consequences of either a partial or total shutdown of the Detroit Three are stark," said the report. "Either scenario is sufficient to push Ontario into a deep recession while the nation may barely escape one in the 50-percent reduction scenario." - Breitbart.com In Canada, there is a $2.8 billion dollar bailout plan on the table for the Big Three.A whopping 582,000 direct and indirect jobs would be lost in Canada over the next five years if the ailing Big Three US auto makers shut down their Ontario operations, said a study Tuesday.
Tuesday, December 16, 2008
582,000 Canadian Jobs At Stake
Labels:
auto bailout,
automobiles,
Canadian news,
Glen Maganzini
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