Minister Runciman congratulates General Motors of Canada Ltd. on new production at Ontario plants
TORONTO, Jan. 17 /CNW/ - Ontario Minister of Economic Development and Trade Bob Runciman today congratulated General Motors of Canada Ltd. (GMCL) for proceeding with $1 billion in new production projects, the vast majority in its Ontario plants.
The decision by GMCL to forge ahead with the projects first announced in 2000, means 331 of 356 employees who received layoff notices will remain on the job.
"This is outstanding news," says Runciman. "It demonstrates GMCL has confidence in Ontario's economy through its investment in our province."
The company decision was based on stronger than anticipated production schedules. New production at GM plants in Ontario will include:
- a $440-million new engine program at its St. Catharines facilities;
- a $300-million re-tooling of a sedan plant in Oshawa for the 2003 model
year Pontiac; and,
- $100 million on a new press line at its Oshawa metals centre.
"The automotive industry in Ontario is based on sound fundamentals that make Ontario a highly competitive jurisdiction," said Runciman. "Our government will continue to work hard at improving the business climate in Ontario to foster investment and economic growth for all the sectors."
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For further information: Media contact: Jamie Wallace, Minister's Office, (416) 325-8779