Thursday, September 11, 2008

Ford to cut 500 jobs in Oakville, Ont.

Ford Motor Co. plans to cut 500 jobs from its Oakville, Ont., plant as the slumping U.S. car market has hurt the sales outlook for its vehicles, the company said Wednesday.

But the union representing the Ford workers, the Canadian Auto Workers, said it believes the actual number of people ending up on the unemployment lines will be much smaller after retirement buyouts are completed.

"Now, there are a large number of people eligible to retire at the Oakville plant. And we're in the middle of canvassing the plant for people to leave in that facility," CAW's Bob Chernecki told CBC News.

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