Canadian companies begin laying off thousands of employees in first wave of pandemic job losses [Toronto Globe and Mail (Ontario, Canada)]
FIAT CHRYSLER AUTO NV (FCAU)
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Source: Toronto Globe and Mail
Canadian companies are laying off thousands of employees in what’s expected to be the first wave of massive job losses as global demand dries up and businesses shut down because of the novel coronavirus. Fiat Chrysler Automobiles said on Thursday it is laying off 8,9 workers in Canada because of a pause in production, while Cirque du Soleil Entertainment Group temporarily laid off most of its work force, 4,679 people. The Big Three automakers announced temporary closings of all North American plants on Wednesday. General Motors and Ford are also halting production through the end of the month, including in Canada. Unifor, which represents auto workers, said the closings throw “thousands of Canadian Unifor members out of work” and urged the manufacturers to continue paying them. Story continues below advertisement Auto parts supplier Magna International Inc. is temporarily suspending production at many of its manufacturing facilities around the world, with the exception of China, and w
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