A recent announcement from the federal and Ontario provincial governments shows the governments have heard what Unifor and others have been telling them for years about the need to convert repayable loans to the auto industry to grants.
“It is good to see Ottawa and the province recognizing the importance of the auto industry to provide much-needed good jobs and investment in our communities,” said Jerry Dias, National President. “When all levels of government work together to show leadership and support for the auto industry it is a sign of good public policy.”
In announcing support for a Honda plant, Innovation Minister Navdeep Bains also said the Automotive Investment Fund will now include the option of “contributions without the expectation of repayment.”
“With the Trump White House showing it will be very aggressive on the auto file, it is more important than ever that Canada develop a clear and strong policy for keeping and attracting auto investments,” Dias said.
Unifor secured $1.5 billion in investment in Canada during its 2016 collective bargaining with the Detroit Three automakers (Fiat Chrysler, Ford and GM).