Quote:
Originally Posted by Papa_Complex
Is that DIRECT jobs? The latest estimate for just the Province of Ontario is that up to 500K jobs could be lost, in both the auto makers and the attendant supply chain (parts sub-contractors, dealerships, etc.).
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That was the auto industry's rollup for all primary and supplier jobs if the big 3 folded. I could look up the exact number and quotation if you wish. From memory it was ~1M jobs.
Edit: I also dont believe that just because a company goes into bankruptsy protection means that it will completely fold operations up. companies do it all the time. It however will mean that they can renegotiate their union contracts as well as stop paying benefits to former employees.