TORONTO, March 26 (Reuters) - Magna International Inc will continue to wind down its Syracuse, New York, plant because it would still be unsustainable even if it qualified for U.S. government aid, according to a company memo to staff on Thursday. U.S. Senator Charles Schumer, a Democrat from New York, said on Tuesday that he was interested in crafting an aid package to help save the New Process Gear plant, which employs 1,400 people. But staff have twice refused to accept concessions to ...
Premium Content (PAID Subscription Required)
"Magna International to continue NY plant wind-down" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642