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pjjjjj · 07-17-2008, 09:33 AM

Guess not enough people are buying Sterlings:
(from cbc.ca)

720 jobs slashed at Ont. truck plant

Last Updated: Thursday, July 17, 2008 | 6:03 AM ET Comments18Recommend13CBC News

A truck plant in the southwestern Ontario city of St. Thomas is the latest company in the auto sector to cut hundreds of jobs as the industry falters due to an economic slowdown.

Sterling Truck Corp. has announced 720 jobs will be slashed, on top of nearly 600 previous layoffs.

Media reports state the workers will receive official layoff notices Thursday and be out of work by November.

Local union chair Dave MacArthur blamed economic slowdown south of the border as hurting demand for trucks.

The latest layoffs will have a ripple effect on St. Thomas that could see thousands more handed the pink slip in the region's parts and services sector, said Bob Hammersley, chief executive of the St. Thomas Chamber of Commerce.

"It is so severe, it is depressing," Hammersley told the London Free Press.

Ontario's automotive industry has seen thousands of jobs slashed due to rising fuel prices and the troubled U.S. economy.

The city was also hit in mid-June with 400 jobs cut at a Magna International Inc. plant that makes frames for General Motors pickups.

07-17-2008, 09:33 AM	#16 (permalink)
pjjjjj Senior Member Join Date: Jan 2008 Location: Southern Ontario Rating: Posts: 619	Re: Has Anyone Bought a New Truck This Year? Guess not enough people are buying Sterlings: (from cbc.ca) 720 jobs slashed at Ont. truck plant Last Updated: Thursday, July 17, 2008 \| 6:03 AM ET Comments18Recommend13CBC News A truck plant in the southwestern Ontario city of St. Thomas is the latest company in the auto sector to cut hundreds of jobs as the industry falters due to an economic slowdown. Sterling Truck Corp. has announced 720 jobs will be slashed, on top of nearly 600 previous layoffs. Media reports state the workers will receive official layoff notices Thursday and be out of work by November. Local union chair Dave MacArthur blamed economic slowdown south of the border as hurting demand for trucks. The latest layoffs will have a ripple effect on St. Thomas that could see thousands more handed the pink slip in the region's parts and services sector, said Bob Hammersley, chief executive of the St. Thomas Chamber of Commerce. "It is so severe, it is depressing," Hammersley told the London Free Press. Ontario's automotive industry has seen thousands of jobs slashed due to rising fuel prices and the troubled U.S. economy. The city was also hit in mid-June with 400 jobs cut at a Magna International Inc. plant that makes frames for General Motors pickups. __________________ Do not walk behind me, for I may not lead. Do not walk ahead of me, for I may not follow. Do not walk beside me for the path is narrow. In fact, just pizz off and leave me alone. (borrowed from a friend cuz I thought it was pretty funny, teehee)