Aid for Auto Industry Positive Step in Supporting Economy, Says CAW
December 13, 2008, 12:00 PM EST
The December 12 announcement by Federal Industry Minister Tony Clement jointly with the provincial government to put $3.4 billion into the domestic auto industry is a positive indication that both levels of government are willing to take measures to support Canadian industry.
"These funds will go a long way in helping the domestic auto industry through the next few difficult months," said CAW President Ken Lewenza. "As has been suggested in the U.S., we fully expect that these funds will be tied to Canadian jobs and keeping Canadian facilities viable well into the future."
Lewenza said that the aid must be part of a longer term program to develop a strategy to bolster the automotive industry, as well as other industries currently in crisis.
Up to 135,000 people across the country are employed directly by the domestic auto industry, with 440,000 jobs in total tied directly or indirectly to the auto industry.