BROCKVILLE – Local MPP Steve Clark believes the Procter & Gamble impending closure is yet another example of how skyrocketing hydro rates are killing business.
The company announced Wednesday it will shut its doors by 2021, resulting in the loss of roughly 480 local jobs.
“My thoughts today are with the 480 employees and their families who are affected by this devastating announcement,” Clark said in a statement. “The suddenness of the news and the uncertainty it has cast on their futures places an enormous strain on these families and our first commitment must be to ensure they have the supports they need to cope with that burden.”
“Today’s announcement is also yet another example of the crippling effect years of hydro rate increases under the Wynne government have had on Ontario’s manufacturing sector,” Clark added.
The operations are moving to West Virginia, where Clark says the cost of electricity is 8.8 cents per kilowatt hour compared to 13 here.
Clark plans to work with local politicians, economic development leaders and senior governments to try and reverse the decision on closing “a profitable plant.”