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GM Canada layoffs reflect weak U.S. market: government

CALGARY, Alberta
Thu Aug 30, 2007 3:28pm EDT

CALGARY, Alberta (Reuters) - The decision by General Motors of Canada GM.N to cut about 1,100 jobs at a truck plant in Ontario reflects a weak U.S. market, Canadian Finance Minister Jim Flaherty said on Thursday.

"This particular product, the larger pickup trucks ... are used a lot by entrepreneurs in the construction business and so on, so that's a weak market right now," he told reporters in Calgary.

"The American market has been weak on the auto side, the Canadian market has been stronger, so this is regrettable."


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