Linamar to layoff about 400 workers

Newswire

TORONTO, Aug 28 (Reuters) - Linamar Corp , which makes precision automotive components for engines and transmissions, said it will announce about 400 layoffs later on Thursday. The layoffs will be spread out across Linamar's 38 plants worldwide and come on top of slightly under 400 workers already on layoff, said Linamar spokeswoman Crystal Roberts. "Volume reductions in both the industrial and automotive industry are... approximately 20 percent down across the board, which obviously is ...

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