General Motor's announced closure in Oshawa is bad news, bad news indeed.
Canada gave General Motors $9.5 billion in 2009 when the auto manufacturer filed for bankruptcy. The terms and conditions of that loan expire January 2016. The loan has no terms to protect long term employment after 2016.
As Chris Buckley, CAW Local 222 President says, "at that point, they have no obligation to the Canadian government to maintain any type of employment level".