(Adds details. Figures in U.S. dollars unless noted) TORONTO, Jan 19 (Reuters) - Linamar Corp. said on Monday it would pay $18.2 million to terminate deals with sales agents and create a sales organization of its own. The Guelph, Ontario-based auto parts maker said the buyout would be accounted for as a one-time cost in the fourth quarter, adding the new sales staff will cost $4.4 million a year starting in 2004. Linamar, with about 9,000 employees and 30 plants, said the Detroit-based ...
Premium Content (PAID Subscription Required)
"UPDATE 1-Linamar to create own sales force, cut costs" 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:
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!
Current subscribers, please login or CLICK for support information.