Magna International to continue NY plant wind-down

Newswire

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 ...

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