ÖNCEL AKADEMİ: CBC WORLD TRANSCRIPTION
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In the news today, deadline day for GM and Chrysler. The two American car companies must present a restructuring plan to the US government by the end of today. Both will have to show how they will repay government loans and become viable. The alternative may be Chapter Eleven Bankruptcy. Report says General Motors Corporation is making progress in concession talk with its debt holder and the united auto workers. It will probably mean GM planned closure, a cut in the workforce and an end to certain production motors. GM employees in Canada are trying to gage what it will mean for them. As Name reports, Ontario economy is already hurting and another block of the auto section could make it worse. The assembly line at General Motors is still running in Oshawa, but there is a grim mood among workers, a job in this plan was once a meal takes it. “It’s funny that we did start here, a lot of people said that, you know, want to get 5 years in, you know, you should be all right ”. It’s hard to find anyone who still believes it. Christ Barley, a president of the local Auto Workers Union, he said the people of Oshawa are losing faith in the future of the industry. “I think we’re getting worn down. People go to work everyday and work very, very hard to earn a paycheck. But every time we turn around, there is another piece of bad news hitting everybody who works in auto industry. It has not been easy.
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Transcript of ÖNCEL AKADEMİ: CBC WORLD TRANSCRIPTION
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Transcription : CBC World ReportFebruary 17, 2009
In the news today, deadline day for GM and Chrysler. The two American car companies must present a restructuring plan to the US government by the end of today. Both will have to show how they will repay government loans and become viable. The alternative may be Chapter Eleven Bankruptcy. Report says General Motors Corporation is making progress in concession talk with its debt holder and the united auto workers. It will probably mean GM planned closure, a cut in the workforce and an end to certain production motors. GM employees in Canada are trying to gage what it will mean for them. As Name reports, Ontario economy is already hurting and another block of the auto section could make it worse. The assembly line at General Motors is still running in Oshawa, but there is a grim mood among workers, a job in this plan was once a meal takes it. Its funny that we did start here, a lot of people said that, you know, want to get 5 years in, you know, you should be all right . Its hard to find anyone who still believes it. Christ Barley, a president of the local Auto Workers Union, he said the people of Oshawa are losing faith in the future of the industry. I think were getting worn down. People go to work everyday and work very, very hard to earn a paycheck. But every time we turn around, there is another piece of bad news hitting everybody who works in auto industry. It has not been easy. It gets worse everyday Today GM and Chrysler must present cost cutting plan to the US government, as part of the automobile bail out deal. Tony Fairy is an auto analyst, he said whatever concession the American United auto worker give will have to be copied in this country. Whatever gives backs the UAW agree to do, the companies in Canada will be looking for about the same thing. Fairy says this is the only way traditional North American auto companies can survive, and the only way General Motors can continue making vehicles in this Canadian plan.
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