Well, it's official: GM plans to close its truck plant in Oshawa, Ontario in 2009. Funny that that news apparently wasn't passed along when the company negotiated a new contract with the union a couple of weeks ago.
Even more troubling is a blurb in the Toronto Star newspaper today: 2005: Ontario invests $235 million with GM's Beacon project, $60 million of which goes to universities for R&D and the balance to GM for its Oshawa operation. The agreement includes minimum job levels at the truck plant.
I think it's time that Ontario had a second look at that particular piece of funding, methinks.