Last autumn Philips announced it was closing its plant in St-Jerome, Quebec to relocate production to Brazil. Yet the plant, which employees 125 workers, members of the Steelworkers, is highly productive and profitable.
Most of the production is sold to the Canadian market. Moreover, the 28-year old plant has been modernized using subsidies and interest-free loans from both the federal and provincial governments.
Philips has shifted most of its production to third world countries.