The automobile plant once celebrated as one of the crown jewels of the Canadian auto industry will live on, albeit breathing very softly.
It announced it will spend $170-million to turn the facility into–among other things–a spare-parts maker and autonomous vehicle test track.
The announcement means 300 jobs remain at the plant, which was scheduled to close its doors at the end of the year with the loss of 2600 union jobs.
In its 1980’s heyday the Oshawa plant employed more than 23,000 workers.
While the lifeline may be frayed, it provides a stitch of hope for Oshawa residents who have been riding an emotional roller coaster that has taken a toll.
“It has tremendous opportunity for growth,”Travis Hester, chief executive of GM Canada, told a news conference in Oshawa.
“By maintaining a footprint in Oshawa, and keeping the plant intact, we save hundreds of jobs, and this gives us the ability to build and create new jobs in the future,” Dias said.
“We are in a much better position than we were five month ago when the plant was closing.”
With files from CBC, CP, CTV, Globe and Mail