FILE PHOTO: FILE PHOTO: A sign advertising available jobs at the Clocktower Brew Pub hangs in a window in OttawaOTTAWA - Some Canadian employers say they plan to hold onto their workers even if the economy slips into a recession rather than risk not be able to rehire later, which should put a lid on job losses and soften the economic blow of the slump.
Seymour said his company hauls for one major car manufacturer who is expecting to be able to boost production again soon. "They've told us to get ready," Seymour said. "Because the labor market is so hot and we have an exceptionally high number of vacant jobs, there is scope to cool the labor market without causing the kind of large surge in unemployment that we have typically experienced in recessions," he said.
Dennis Darby, who heads Canadian Manufacturers and Exporters business lobby, says there are still some 80,000 vacancies in manufacturing.