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Waterloo Chronicle (Waterloo, On1868), 17 Aug 2011, p. 15

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râ€" ’*â€"â€"â€"-f ' W "77 "in" ’ W V’ ' 1 _ wamwoctmmcw-Wednmy.m¢mt 17,20“ -is F A A' '__"W"" 77 7 . W lill\l\l \\ A LE," ,, J j», m *12 MANICURE , y The last truck made in Canada ' ‘0 ’3°"“'"F°“EST “mm” 3 , e 4 =32 PEDICURE - 3 . mid the last two weeks of confusion and pan- industrial sector has disappeared 39d “0 attempts (0 l A” " 7 GWEG(°“T ‘ GI! w ~ .« l demonium across all major world stock “TOW" taxpayer money from Midwest American ’ ' ' I » , "Ila-lg. l a" I? m, ‘-_l4 tutti. g.” exchanges, there were some positive economic manufacturers wtll bring the jobs back. This 15 one Q- 5? 5-1-th 1 ‘ t g_ “if“. .4 2,04}. W“ 5; re a???“ developments for Waterloo Region and Wellington problem "0 government '5 80mg to fix. 1: by if W . a \‘_ A “4 ‘ ~ 15”; ,» “we. County. _ _ , _ _ 253 waL 7! », "F: A. a" "if E 3 ' ' ‘ ' "i"?! Premier McGuinty was in Woodstock on August 5 AU'S'M'IW’”thel’lff'P'l’S‘dem Off”? (healer . 355 Erb‘S'tr'eet West a; Tr, y”, -‘t 1 :,:.,, H tiJ‘at‘pnoo ‘ for an announcement that the Oxford County Toyota Kitchener Waterloo Chamber of Common» ' ‘ ' ‘ i ' ‘l' ’ ' ‘ ‘ ‘ ‘ '. “ facility has been selected to build a new electric sport 5 1 9-883- 1 268 "' WWW- rUbynalls-Ca ' utility vehicle. Although this plant is not located in Waterloo ' ”I 1" " S I: L > "<6 P; S F E ‘ ‘ C E: :‘ ,'_ I 51; _. ‘ ‘ k ' A ; _. V ,'_ ’ 1 Region, many local suppliers are dependent on it and 7 ‘ 4 4 4 > ' _ I the Cambridge operation for their survival, Guelph- as 3§~ ge ‘ ‘ based auto parts manufacturer Linamar also 6 igg'gégfigif . announced significant increases in sales and earnings y I H Y U n D gt i, 25533525; froiti 2010. The company has hired new employees é ' ‘ DO U BLE a / Eggéf £233 35 1 over the last year and expects to continue. /0 SEQ}? §xé§ xi: i A two hour drive west of Waterloo Region. in the f . SAVl NGS fig 353 a??? i municipality oftihatham-Kent. the news is somewhat , i £3§£§t§§t§§ 1‘ less positive $1551??? {A 'l llrt‘t’ days before the r ' "if ”m _ 5,33}? £5} 1 Woodstock H'Ionota 1 Hi l\i Ni 5\. l ~ Sigigzgsggigg i announcement. iiiois- ‘ , ., ~ ; ~ 1 " ,:»s.-_2 i ~ 2 â€"“ - ‘ based Navistar Internation‘ ‘ \l\l [IRS l 2011 SANTA FE 2.4L G L AUTO g. aggiggsgggsfi 1 , al closed their (Iliatham _‘ j k A . , ' 3g Siggitifig 1‘ ' truck manufacturing facili< i fin“; _ a, r ,. A y , , 2 ‘ ‘ Haggis; 33; i 3 (y. While devastating to the l 3 ~ 2 l "1111-1"; I s 1 ;7,"‘ " ’_ ”W . 2 a 3523 25a? i 3 city in terms of job loss, the 1 » l?! 1 i 5156 0: 1 PM” E ‘ E I L! ' 333§§§éfié is; 1 ; decision was not unexpect- 2 v ,"_ _ 1 ‘ w "‘_"’ , zgzggfiigggéfz ] t ed as the plant has been 1 A ‘ ',- i 44 a a J, §§gggi§§>§§§ . ‘ idle since 2009 dtie to a -' 3 . " ' 33-533 353 I labotir dispute and the i i _ ‘ â€" ‘§§i§§§?;53§§ 1 gradual shifting of produc- } {a J E ‘ mummy-m 35552 $5; zf, \ tion to Mexico, l'exas and ‘ - - ésaézg‘iéiigé â€" 1 . m . c 2011 GENESIS coups page; "W“ "M“ "m" "°"” ' SINCLAIR ‘ , . --. -~ a A NEW CALIBRE or SMART PERFORMA 5135’s?” 5? l assembled on Richmond ‘ J ,, _ > a \, 11,4», , y , ; NCE igétgésgié'gg i atreet in (fliatliam since the . f _ ' n Q A . GWNH won ( ”WW" . 35,33. \ i late l‘MOs. The closure of a m _\ f, i ' "es“â€" $147' w 1 Vfir'gagf-ij . lgégigéhfig i ‘ (Zhatham Navistar ends large trtick manufacturing in a) â€"- 1 4" \ “" an”: immune N0 Down PHMENT g‘lrggaéééiggtâ€" i (kmada. mew '- ‘ “My: “m stutsswwr misses“) Dawn ' f}; 3? In 2009, the Sterling plant in St. Thomas closed. mum \ mamtmatetsmounto HUSNSI lgiggggig‘il? unexpectingly eliminating 1.300 jobs. At peak assem- ggiaiggiliég blyin Chatham, 2.000 people were employed with igégigggiiggc approximately half that capacity when production _, g ;- 2 f t was terminated two years ago. The events leading to THE 2012 MODELS HAVE ARRIVED. ‘ £52 533 iii 1 the current Navistar predicament have been highly 55332?“ ‘ig-g i tumultuous and chaotic g 3 a ,* r N? u . " ~ i In 2004. after the company first threatened to close 2012 ACCENT 40“ (fig-53:1» h ' ' ~ ' Eisig i ‘éigi } the plant. Queen's Park and Ottawa jointly provided s OWN” won (' new? . - Raigfi 5:5; 1 more than $60 million in financial aid, tax breaks. and ' S 35; 5 g», TEE? research/development incentives, Not surprisingly. !% in???" £330m3fgegmew'g " iii? 253; i -, .. ..> .' ~ ‘ ~ * ~ {lt’ a .~* 1 both govt riiments hd\(‘ now tlaimed a violation of warm nwn'au “wriumnsttt: mum; more = ti“ giga' g“; i _ the; Lililrlildiing agreements and expect reiiiibtirsement . . “my“, gag flag? a; 1 I") (l S. < P I §5 . i . . , . , i 9 his . - é i l’nmncial l conomic Development and lrade Minâ€" 5 5 “EH; T" 7 , i ister, Sandra l’iipatello. informed The Windsor Star 7 filEN-EclfinggiEllPFfiEPECONOMV‘ 3333? F325} 1 that her government does not expect to recover a sig- " ' ' b ‘ \\ , éi‘lifiisgfii: 1 n'ificant percentage of the $32 million provided to < 0mm WlTN flfmaJ if; 35:45 it Navistar seven years ago. even though the company is $124t 3 590/“ , _ , 3251, if i433 g in breath of their contract . “0mm“ ii “iii rgé A spokesperson for Navistar has indicated they will zflfi.‘ ”gm? rowan 53K“) new" DYSYlNAYm {9355143523 honour any outstanding obligations. however we “mm,” smsmuixn PM” i“: r; 5553: should expect some maior disagreement from the two ' a? 5! gig?“ sides on what those commitments actually encomr . - â€"' 5‘: . ,. ,. . ' zotzrucson l , 5 my ”3515‘s“? md'm'ega] “We w'" (“Hm”- , , y in NEW SWUSH CROSSOVER mm want i 525 Sgii e dispute over reimbursement of taxpayer . - _ . 1 ~ Pg; §Eg=g§ money provides an interesting perspective on Amen WWW" ;’ V ' '” ' ' 2 i gs 3,453 e can investment into Canada. l-inancial assistance is s OWN H , WW 0/ (c, fix." - Jigflig 355 often available to companies for maintaining or 147 1.49 o No DOWN PAYMENT 7 2355 E if; attracting jobs and avoiding the devastating impact “My“ "WWW? an", 53m anyway strum-tr». {329.5352 Q that major closures will level across a community, “A” M "“""" tom-«worn Hmvts' JR; 31;le Recent experience has. however shown. that governâ€" figs gzg‘jfiz ments based in ("anada are not hesitant to tttrn adver- - " ‘~ (“mm 5 9 g; l; ’ sarial when business does not unfold as anticipated, i {isms ; if ‘ In 2007. US. Steel purchased and rescued what A WAR in ", g ‘ ’ i | remained of the once profitable industrial giant Stel- m l ‘ H Y U n D g I gfggg g! fig i co. Shortly after the purchase, the Hamilton and lake - -' iii; 4: i lin'eWorks were idled due to weak demand, The ("ana {i go g 3 3 ‘i dian government initiated legal action in 2009. claim- ' m | 3} iii, lg; 1 ing U. 5. Steel violated job-protection promises made vow “d w "Wm M if? , 5; iii . when the purchase was completed. Whether lawsuits m m m “g: 3 ‘ii; ‘ against foreign corporations provide a deterrent to mm Wm MW 1 i; ‘ x , investment will be debated for decades, - (ӣ2735 «on wifiiifimfm Cwmm'mw “513 g ill Across southwestern Ontario, another major mflwnofivundnlcn mus-mac. mmmuwc. Mg

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