He said the timeframe for that figure is roughly over 10 years, and it will be dependent on start dates and the level of production they achieve. Ontario has committed to fund one-third of the costs.The federal government called the deal “good for workers and good for Canada.”
The $5-billion plant was first announced in the spring of 2022, and Ottawa and Ontario were going to contribute $500 million each towards construction costs. It’s expected to create 2,500 jobs.Article content “It’s a good day not only for our joint venture but also for Canada,” Dong-Myung Kim, president of the Advanced Automotive Battery Division of LG Energy Solution, said in a statement. “We are happy to finally move forward with building the country’s first major battery plant and be a central part of the local battery ecosystem.”
She said there was “no way” Unifor was going to lose the thousands of jobs that will come directly and indirectly from the plant.
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