I was told that Company match contribution is taxable income even though it is contributed to my RRSP mutual fund account !? Plus it is locked in and i cant even take it out under HBP program. So i wonder how would this company match help me at all !? would it stay locked in until i am employed !? would anyone know anything about it. I will probably end up asking my employer (ofcourse) but i am wondering if this is some kind of a generic rule as my experience with RRSP's is very minimum

I don't know about the taxable part, but as for withdrawal, it is treated just like any other RRSP money.
I'm assuming it's a regular group RRSP plan.
So you should be able to withdraw it (after paying taxes of course) or transfer it out to another RRSP A/C (for a fee, I'm sure).
Some group RRSP plans will not transfer into a personal RRSP A/C, only into another group plan so you need to check that first.
Also, I don't think group RRSP can be leveraged for the HBP - only personal plans.

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

Many companies have "lock-in" time period. The company contribution "matures", becomes yours, after certain months/years.