Magna unit to close two plants, 850 jobs cut


TORONTO, Nov 26 (Reuters) - A subsidiary of Canadian auto-parts maker Magna International Inc said on Wednesday it plans to close its two Ontario plants and consolidate its operations with other facilities, cutting about 850 jobs. Exterion, which makes plastic fenders, body panels, and decorative trim, said it would eventually shut its operations in Newmarket and Aurora, Ontario. The company, a division of Magna's Decoma International, plans to consolidate its operations with other ...

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