Vehicle parts manufacturers monitoring job action in Canada, U.S.: industry leader
BNN Bloomberg
Industry leaders are keeping a close eye on the automotive labour disputes happening in Canada and the U.S.
Flavio Volpe, president of the Automotive Parts Manufacturers’ Association, which represents Canadian producers of automotive parts, equipment and supplies, said a major dispute in the U.S. would quickly impact the parts industry in Canada as 48 per cent of the parts made locally are exported to the country.
“Any shutdown in operations, you’re a day or two away from idling capacity,” he told BNN Bloomberg in a television interview Friday.
On Friday, the U.S. United Auto Workers began a strike against three legacy automakers -- Ford, General Motors and Stallantis – after failing to reach a deal by the midnight deadline. The strike revolves around one plant at each of the three manufacturers designed to impact the most profitable vehicles without overly denting the union’s strike fund.
