Business

Windsor's Hot Economy Expected to Cool in 2020, Primarily Due to Fiat Chrysler


August 02, 2019, 7:56 AM

Windsor, our neighbor to the south, is supposedly in for a cooling off.

A report by the Conference Board of Canada, which provided an economic outlook for cities across the nation, stated that Windsor’s hot economy is “unsustainable” and is expected to cool down in 2020, Dave Battagello of the Windsor Star reports.

The report cites the elimination of the third shift at Fiat Chrysler Automobiles’ Windsor Assembly Plant as a primary factor in the forecasted slowdown. 

“The economy (in Windsor) is on track to create a stunning 7,800 jobs in 2019 — a 19‑year high,” the report said.  “Such growth is unsustainable, so we think about 2,200 jobs will be lost next year.

 


Read more:  Windsor Star


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