Ottawa willing to let GM, Chrysler collapse
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April 16, 2009, 3:47 pm
Filed under: CAR INDUSTRY, Canada | Tags: Canadian Auto Workers union, car makers, Chrysler, Chrysler collapse, Globe and Mail, GM, JANET MCFARLAND, Ottawa, reportonbusiness.com, theglobeandmail.com, Tony Clement, union
Filed under: CAR INDUSTRY, Canada | Tags: Canadian Auto Workers union, car makers, Chrysler, Chrysler collapse, Globe and Mail, GM, JANET MCFARLAND, Ottawa, reportonbusiness.com, theglobeandmail.com, Tony Clement, union
JANET MCFARLAND Globe and Mail
Ottawa is prepared to let Canada’s two financially troubled car makers collapse rather than provide long-term financing to companies without a viable future, Industry Minister Tony Clement said Thursday as he ratcheted up the pressure on the Canadian Auto Workers union to negotiate new deals to slash wages and benefits. (continues@reportonbusinees.com)
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