Zürcher Nachrichten - Canada fears for auto jobs after Stellantis announces US investment

EUR -
AED 4.241003
AFN 73.32143
ALL 96.264457
AMD 435.49084
ANG 2.066822
AOA 1058.764604
ARS 1597.949484
AUD 1.676973
AWG 2.078272
AZN 1.967396
BAM 1.962489
BBD 2.325728
BDT 141.683564
BGN 1.973561
BHD 0.435685
BIF 3427.417086
BMD 1.154596
BND 1.486969
BOB 8.008298
BRL 6.067751
BSD 1.154731
BTN 109.448969
BWP 15.919471
BYN 3.437216
BYR 22630.074075
BZD 2.322286
CAD 1.604831
CDF 2635.36902
CHF 0.921949
CLF 0.027055
CLP 1068.301597
CNY 7.980392
CNH 7.989998
COP 4249.2467
CRC 536.225485
CUC 1.154596
CUP 30.596784
CVE 110.98555
CZK 24.603629
DJF 205.195187
DKK 7.496448
DOP 68.95827
DZD 153.879614
EGP 60.780401
ERN 17.318934
ETB 180.838585
FJD 2.609838
FKP 0.868614
GBP 0.870276
GEL 3.094767
GGP 0.868614
GHS 12.666364
GIP 0.868614
GMD 84.867224
GNF 10137.349919
GTQ 8.837161
GYD 241.720221
HKD 9.035924
HNL 30.608778
HRK 7.557064
HTG 151.366612
HUF 390.276858
IDR 19617.503194
ILS 3.622683
IMP 0.868614
INR 109.529794
IQD 1512.520257
IRR 1516272.693223
ISK 144.047794
JEP 0.868614
JMD 181.759555
JOD 0.818654
JPY 185.080568
KES 149.986359
KGS 100.96983
KHR 4632.238016
KMF 494.167328
KPW 1039.005581
KRW 1741.130593
KWD 0.355512
KYD 0.962293
KZT 558.235579
LAK 25285.644395
LBP 103394.037822
LKR 363.741444
LRD 212.012665
LSL 19.813301
LTL 3.409221
LVL 0.698404
LYD 7.360592
MAD 10.789123
MDL 20.282399
MGA 4820.437097
MKD 61.637435
MMK 2427.526343
MNT 4123.646826
MOP 9.31702
MRU 46.322813
MUR 54.000874
MVR 17.838939
MWK 2005.532983
MXN 20.922547
MYR 4.530678
MZN 73.836825
NAD 19.813296
NGN 1597.337286
NIO 42.397186
NOK 11.20288
NPR 175.114145
NZD 2.009741
OMR 0.444613
PAB 1.154721
PEN 3.994328
PGK 4.975197
PHP 69.911197
PKR 322.367369
PLN 4.298271
PYG 7549.734427
QAR 4.218027
RON 5.111746
RSD 117.558661
RUB 94.006614
RWF 1686.864195
SAR 4.332448
SBD 9.285301
SCR 16.659944
SDG 693.912357
SEK 10.938258
SGD 1.492666
SHP 0.866246
SLE 28.345751
SLL 24211.30527
SOS 659.855623
SRD 43.413994
STD 23897.798134
STN 24.650616
SVC 10.103439
SYP 129.111885
SZL 19.813287
THB 37.940438
TJS 11.033396
TMT 4.041085
TND 3.37839
TOP 2.779989
TRY 51.302613
TTD 7.845709
TWD 36.998328
TZS 2974.800639
UAH 50.614226
UGX 4301.662877
USD 1.154596
UYU 46.739318
UZS 14091.83988
VES 540.268027
VND 30409.162038
VUV 138.27014
WST 3.204592
XAF 658.200578
XAG 0.0165
XAU 0.000256
XCD 3.120353
XCG 2.081103
XDR 0.816058
XOF 655.810693
XPF 119.331742
YER 275.490657
ZAR 19.766671
ZMK 10392.750198
ZMW 21.737094
ZWL 371.779317
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSD

    -0.0900

    22.66

    -0.4%

  • GSK

    -0.1000

    53.84

    -0.19%

  • CMSC

    -0.0500

    22.77

    -0.22%

  • RIO

    0.8500

    86.64

    +0.98%

  • BCE

    -0.2200

    25.25

    -0.87%

  • BTI

    0.3749

    57.8

    +0.65%

  • BCC

    0.1400

    74.43

    +0.19%

  • NGG

    -0.4800

    81.92

    -0.59%

  • JRI

    -0.2700

    11.8

    -2.29%

  • RELX

    -0.1000

    31.97

    -0.31%

  • BP

    0.5100

    46.68

    +1.09%

  • VOD

    -0.1400

    14.49

    -0.97%

  • RYCEF

    -0.5900

    14.65

    -4.03%

  • AZN

    5.0200

    188.42

    +2.66%

Canada fears for auto jobs after Stellantis announces US investment
Canada fears for auto jobs after Stellantis announces US investment / Photo: Thibaud MORITZ - AFP/File

Canada fears for auto jobs after Stellantis announces US investment

Canadian leaders said Wednesday that Jeep-maker Stellantis's decision to invest $13 billion in the United States threatens Canadian jobs, urging action to counter what they called another casualty of President Donald Trump's trade war.

Text size:

The automaker on Tuesday announced what it described as its largest US investment push in its 100-year history, aiming to create 5,000 jobs across the midwestern United States.

Stellantis told AFP on Wednesday that "as part of this announcement, we will move one model from Canada to the US."

UNIFOR, Canada's largest private-sector union representing thousands of autoworkers, said the model in question is the Jeep Compass, which will shift from a plant in Brampton, Ontario, to Illinois.

"Canadian auto jobs are being sacrificed on the Trump altar," Unifor national president Lana Payne said in a statement, calling on Prime Minister Mark Carney's government "to use Canada's leverage now to fight for our auto jobs."

Ontario Premier Doug Ford on Wednesday called the announcement "painful" for workers.

"I have spoken with Stellantis to stress my disappointment with their decision to prioritize investment in the US," Ford said, also urging Carney "to stand up for the 157,000 workers in Ontario's auto sector."

Reshoring auto jobs has been a central plank of Trump's trade policy.

Canada has been partially spared from his global auto sector tariffs through an existing North American trade pact.

But the levies in place have created uncertainty for Canadian autoworkers.

Carney, who met with Trump in Washington last week to advance trade talks, has expressed optimism about the prospects for a deal to cut tariffs in certain sectors like aluminum, but a breakthrough on autos appears less promising.

- 'Transform our economy' -

Reacting to the Stellantis announcement late Tuesday, Carney said the company's decision was "a direct consequence of current US tariffs."

He said his government would continue to prioritize investments "that will transform our economy from being overly reliant on our largest trading partner (the US)."

University of Toronto industrial relations expert Rafael Gomez told AFP that Canada needs to be prepared for a steady loss of auto assembly jobs over the coming years.

Trump will not relent on tariffs designed to ensure more cars are made in the US, Gomez said.

"Think of the photo op -- cutting a ribbon in front of the first new Jeep made in Illinois in years," he added.

Canada should prioritize being an essential provider of auto parts to serve US assembly plants, Gomez said.

Stellantis told AFP it remains committed to Canada.

"We have been in Canada for over 100 years, and we are investing," the company said in a statement.

"We have plans for Brampton and will share them upon further discussions with the Canadian government."

M.J.Baumann--NZN