Auto Parts Company Creates 58 Jobs
A well-established manufacturer of automotive parts in North Sydney is expanding its operations.
Precision Fineblank Components (PFC) is creating 58 full-time jobs with a $5.35-million expansion that will help the company meet the demands of a major contract with General Motors. The new jobs will bring the total PFC workforce to 215.
"This new equipment and assembly work will allow us to quote on and attract all kinds of automotive supply business," said Marc LeClerc, PFC general manager. "Our dedicated and talented Cape Breton workers are ecstatic about this project and are deserving of the opportunities that it's sure to bring about. Eleven years of preparation and wait are over."
A partnership consisting of the private sector, the Province of Nova Scotia and the Government of Canada is providing financial support for the project. Private investors will provide $3.1 million. The province, through the Department of Economic Development and Tourism, will invest up to $1.25 million over five years, and Human Resources Development Canada, through the Transitional Jobs Fund, will provide $1 million.
"This expansion is a credit to the people already working at PFC," said Premier Russell MacLellan. "Their dedication and efforts are breeding success, and if we follow their example we can build a vital economy in Cape Breton."
"Today's announcement is an example of the government of Canada's commitment to growing the island's economy," said Senator Al Graham, Leader of the Government in the Senate and Minister responsible for Nova Scotia, on behalf of Pierre Pettigrew, Minister of Human Resources Development Canada. "The 58 jobs created with the assistance of the Transitional Jobs Fund will have a substantive and positive impact on North Sydney.
"Precision Fineblank is a Cape Breton economic success story because of the quality, dedication and commitment to excellence of its local workforce."
"The company's Cape Breton workers have been producing and assembling parts for the North American car industry for more than a decade," said Manning MacDonald, Minister of Economic Development and Tourism. "Today, PFC and its parent company, Tesma, are demonstrating that they're committed to seeing this relationship with the island grow."
The federal Transitional Jobs Fund promotes economic growth and job creation in areas of high unemployment. As part of Canada's Jobs Strategy, the fund is designed to encourage partnership initiatives with other levels of government, the private sector and community groups.
On April 1, the jobs fund will be succeeded by the Canada Jobs Fund, a permanent $110-million annual investment to help Canadians find jobs.