UPDATE 1-Linamar to layoff another 400 workers

Newswire

(Adds details) 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, 22 of which are in Guelph, Ontario, and come on top of slightly under 400 workers already on layoff, a company spokeswoman said. She said volume reductions in both the industrial and automotive industry are down around 20 percent ...

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