TORONTO, Feb. 15 /CNW/ - CAW President Buzz Hargrove is urging immediate
government action to deal with the dramatic drop in automotive manufacturing
output in December. He warned the astounding 25 per cent decline in automotive
manufacturing output is bad news for workers and industry. The figures come
from the Monthly Survey of Manufacturing released today by Statistics Canada.
The drop, combined with a drop in overall manufactured goods, points to a
troubling economic situation, said Hargrove.
"There won't be a decrease in manufactured goods without it having dire
consequences for the overall economy," said Hargrove. "A reduction of this
magnitude in the number of goods being produced translates directly into
thousands of lost jobs across the country.
"The Canadian government cannot stand idly by as the country's
once-strong industrial base is gutted."
Across the manufacturing sector, output dropped 3.4 per cent, the lowest
levels seen in three years as manufacturers attempt to stay afloat despite a
high dollar and an influx of unregulated imports.
Statistics Canada reported yesterday that Canada had a trade deficit of
$6.1 billion in the first 11 months of 2007, the worst deficit in three
decades. The final figures for the year have not yet been released by Industry
For further information:
For further information: CAW Communications, Shannon Devine, (cell)
(416) 302-1699 or John McClyment, (office) (416) 495-3766