Whitchurch-Stouffville Newspaper Index

Stouffville Tribune (Stouffville, ON), June 20, 1998, p. 8

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pawjglsrerstmgbaxignejggsv north markham honda presents jyr wmaiz summer numbers a 1990 accorb dx if gm strike forces magna to issue layoff notices autoparts maker sends home hundreds of workers rick vanderlinde staff reporter per month48 month leaseincludes freight and pde dnwnpmmfnt ioc per km over 96000 km 11440 optional buy back w mi mem isliieijfc f tggj transmission ss 13510 16 voive ename fp steering lorthmarkhamh o t d a 4611 hwy 7 unionville 4772451 built without compromise ml tjrpfj lease available on approved credit only through honda canada finance inc for a limited time based on a new 1998 accord j3jgl sedan dx 5 speedautomatic model cf854wcf864w total lease obligation is 13344138 824 first monthly payment and security deposit s325s35q required taxes licence and insurance are additional option to purchase at lease end for 1 144051 1960 plus taxes finance offers are from honda canada finance inc and are available for a limited time oac 48 conventional financing is available on all new in stock 1998 accord 4 cylinder sedans for 24 36 48 or 60 month terms finance example 20000 at 48 per annum equals 37559 per month for 60 months for an obligation total of 2253540 dealer may leasesell for less this offer applies to in stock vehicles only white supplies last see north markham honda for details the general motors strike is forcing layoffs at magna international york regions largest employer with 10000 workers at 38 york region plants the car parts manufacturer is being forced to lay off hundreds of employees magna officials arent saying how many work ers have been laid off but the aurorabased com pany has confirmed that it has reduced production at 46 of its southern ontario plants the layoffs started slowly but have escalated in the past few days as gm has been forced to shut down auto assembly lines in canada and the united states graham- orr magnas vicepresident of corpo rate development said the gm strike has created a chain reaction that has clearly affected canadas largest independent auto parts maker since gm is one of magnas largest customers it accounts for 2 billion in annual north economist sun clmsmeds a classified advertisement in the economist sun reaches thousandsof i ial- customers whether you are in the market to sell or to buy give us a call 2044331 fasfflm american revenue a protracted work stoppage will continue to cut into magnas york region workforce camslide in newmarket a magna plant that produces car seat tracks has already lost one assembly line laying off temporary workers its unclear how other magna plants scattered around the region are faring but york region is the hub of magnas canadian operation with more than twothirds of its 14000 canadian workers employed here gm began closing assembly plants last week after two striking factories in flint mich could no longer supply parts the strikes have sparked major layoffs by inde pendent parts suppliers such as magna who col lectively employ more workers than gm when production slows at magna a spinoff effect can be created at smaller businesses that rely on the manufacturing giant this is the second time in two years that magna workers in york region have been threatened by a gm strike in 1996 some employees were temporarily laid off when auto workers at gms oshawa and saintetheresa que plants hit the picket line the central issue in that strike was outsourcing or contracting out of more components of gm vehicles to companies like magna while the gm strike will affect some magna workers the company also holds major contracts with chrysler honda and ford one magna worker said he doesnt fear layoffs becausehis plant also supplies some of the other auto makers with parts magna which moved into its aurora headquar ters last year operates under several subsidiaries in york region atoma int is located in newmarket while decoma int cosma int and tesma int are all located in concord those companies provide the head offices for the 38 plants within york region rjonx nfld hch government guaranteed securities markham transit express to finch subway via the 407 etr beginning wednesday june 22 markham transit express service to finch subway will be routed via the 407 etr to get you there a lot faster the unionville express joins the 407 etr at warden and the markham express at kennedy departure times for both services do not change dont forqet tine added convenience of our five free park n ride locations commuting by markham transit has never been better or faster 650 minimum 25000 ask about our monthly pay bernard fitzpatrick or scott lawrence investment advisors i8003824964 rare subject to change and availability assume investment held until maturity id evergreen wealth management a diusion o 7d securities inc a suhwimy o the toronto dominion bant 407 etr jyjmycham g markham for moreiitformatiori on these services or any other markham transit service please call 905 47546s or toll free 002572o bounce kick rock snake makedn on your health shoring a healthier future b with pgmtamnonq

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