Cost of power a factor in loss of 1,000 more jobs

The Canadian Vehicle Manufacturers’ Association said such factors add more difficulty to Oshawa and other places that are already struggling to keep auto manufacturing operations in their communities.

“The increase of cost of electricity is a very big factor in operations,” association president Mark Nantais said. “It’s one of the factors in developing the business case of reinvesting in the province. We have costs in electricity rates two to three times bigger than in competing plants in competing jurisdictions.”

Gray added if the plant crashes, that will translate to higher property taxes for residents in Oshawa.

“With all the property tax General Motors pays, the region of Durham will have to make it up in other ways, which means basically planting it squarely down on the backs of the residential homeowners,” he said.

http://www.torontosun.com/2015/07/14/tell-general-motors-no-sales-if-no-oshawa-former-mayor-says

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