Mr. Bill Domm (Peterborough):
Madam Speaker, I rise on a matter of urgent and pressing necessity under the provisions of Standing Order 43.
Canadian General Electric has announced its intention to phase out the building wire and power cable operation at its Peterborough plant, a decision which would lead to the loss of some 300 jobs in Peterborough. Some of the employees who would lose their jobs have more than 40 years' experience at CGE.
In the light of a petition signed by 3,655 employees and friends, and because the company which has offered to buy the wire and cable equipment from CGE, Pirelli Cables Limited, is a foreign-controlled company, I would move, seconded by the hon. member for Durham-Northumberland (Mr. Lawrence):
That the government, through the Foreign Investment Review Agency, stop the sale to Pirelli so that the jobs at Canadian General Electric in Peterborough might be safeguarded.
Subtopic: FOREIGN INVESTMENT REVIEW AGENCY
Sub-subtopic: REQUEST AGENCY STOP PROPOSED SALE TO PIRELLI OF CGE PLANT-MOTION UNDER S O. 43