The Canadian Press

2008-04-28 | GM Cuts

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General Motors announced April 28th that it would eliminating nearly 3,500 jobs in North American plants that produce pickup trucks and big sport utility vehicles -- including one-thousand jobs at the Oshawa, Ontario plant. The automaker blamed poor sales and a slumping economy. But Chris Buckley, the president of CAW Local 222, said trade practices and a loss of market share were the main reasons for the job cuts. (The GM announcement came as the Canadian Auto Workers union geared up for contract talks to replace three-year agreements it had with the three Detroit-based automakers -- General Motors, Ford and Chrysler.)

Date: 2008-04-28
Placeline: OSHAWA, Ontario.
Source: The Canadian Press
Length: 19 seconds

Transcript Prediction: << without a doubt number one would be the loss of market share that General Motors has experienced over the last several years and that loss of market share is a direct result of millions of imported Vehicles being allowed to saturate our Market every year unchallenged >>


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