Ford of Canada will be offering additional competition to employers in the auto sector. The firm said Wednesday that it plans to beef up its Oakville Assembly Plant in Ontario by more than 1,000 hourly jobs as part of a growth initiative.
This follows a 2013 announcement of a C$700 million investment by Ford in the Oakville Assembly for the purpose of expanding manufacturing capability to meet increased global demand. The new jobs will bring total plant employment to more than 4,000 by year’s end.
Oakville Assembly will be the site of construction for the 2015 Ford Edge, a sport utility vehicle that will then be exported to more than 100 countries. The plant currently manufacturs the Ford Edge and Flex as well as the Lincoln MKX and MKT. The 2015 Ford Edge will go on sale early next year.
Ford also said that it plans to increase spending on Canadian-made auto parts by C$200 million per year, raising the total to nearly C$4 billion annually.
With fundamentals continuing to improve in Canda’s auto parts sector, Ford may be heating up the competition for well-qualified talent. According to the latest Scotiabank Global Auto Report, employment in the sector has jumped 5 percent over the last year, which is the strongest gain since 2000. Moreover, Scotiabank found that auto-parts employment went up a cumulative 22 percent since bottoming out in 2009, which far outstrips overall manufacturing employment.
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