More money for GM despite layoffs, McGuinty says
Premier Dalton McGuinty says Ontario will give General Motors more money for new projects, despite thousands of layoffs announced by the automaker.
GM wants the Ontario and federal governments to contribute about $140 million towards a new engine plant in St. Catharines, Ont., and a new research centre in Oshawa.
GM has received about $250 million in provincial money, and recently announced layoffs of 1,400 workers in Windsor and about 900 in Oshawa.
But McGuinty says Ontario is still competing with U.S. states to land new automotive projects and must be prepared to pony up some cash.
The opposition parties say Ontario's been doling out big bucks to car companies without getting any firm job guarantees, and complain the contracts to give away taxpayers' money are private.
McGuinty says the government is trying to secure better job guarantees for any future investments of public money with the auto companies.
He also says the federal government should abandon its single-minded obsession with corporate tax cuts and agree to invest with the province in the new General Motors projects.
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