Dias said he's not accepting the end of the Oshawa plant and that the company acknowledged in the meeting it would be possible to extend current production at the plant.
GM stunned the North American auto industry in late November when it announced a major restructuring plan that will see up to 14,000 workers in North America lose their jobs, almost 3,000 of which are in the Oshawa Assembly Plant. The sit-down lasted about five hours.
The union has emphasized the wider economic impacts of the shutdown and released a study Wednesday putting some hard numbers to the claims.
GM said in a letter to Dias that it had already considered several proposals including those the union raised at the meeting.
The closure of Oshawa's GM plant will immediately result in the loss of a combined 4,400 jobs on the assembly line and at parts manufacturers across Ontario and the job loss will only grow over time, a union-commissioned study has found.
"Being from Oshawa, I regret that very much".
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Auto manufacturing has since declined in the city and will eventually go to zero, the central banker said.
GM has said the Oshawa closure affects 2,973 assembly-line jobs. "So, this is what happens in economies, and that's the thing you have to admire - that Schumpeter's creative destruction thing is true".
He noted that nationally, the information technology services sector is growing robustly, and is now larger than the auto and aerospace industries combined.
The company has said the options suggested by the union, including extending the life of the Chevy Impala and Cadillac XTS produced at the plant or shifting production slated for Mexico to the plant, are not economically viable. Workers also staged a protest on the Tuesday afternoon shift, then walked off the job, after they got word that GM had not accepted the union's proposals to save the factory during a meeting with labor leaders.
On Dec. 14, GM Canada announced millions of dollars in training support for Oshawa Assembly employees who wish to transition to new careers but may require additional training. "We're asking Canadians and governments at all levels to make it clear to GM that we will hold them accountable should they decide to inflict this damage by closing a top-quality and productive plant for no other reason than corporate greed".
With the GM world headquarters towers looming in the Detroit background, a billboard message from Unifor on Wyandotte Street East in Windsor, shown January 8, 2019, has a message about the automaker's Oshawa Assembly Plant.