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AUTOMAKERS' CRISIS * Canada - Magna to close plants, cut 850 jobs
Toronto,Ontario,CAN -The Kingston Whig Standard, by JOHN VALORZI -28 Nov 2008: -- Canada's largest auto parts company is shutting down two Toronto-area plants, with the loss of 850 jobs, in the latest blow to the beleaguered Ontario manufacturing economy... Magna Inter national Inc. said yesterday it will close two plants from its Decoma body parts division... About 850 workers in Aurora and Newmarket, two bedroom communities north of Toronto, will be affected by the shutdown of Decoma's Exterion unit by next June... Magna is one of many parts makers and auto assemblers to shut down plants and pare jobs as the so-called Detroit Three carmakers - GM, Ford and Chrysler - restructure their North American operations...Labels: automakers' crisis
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