Formet puts 120 on indefinite layoff in St. Thomas
ST. THOMAS, Ont. - Magna International Inc.'s (TSX:MG.A) auto parts maker Formet is letting go another 120 workers at its St. Thomas, Ont., plant.
Magna spokeswoman Tracey Fuerst says the layoff will leave about 1,000 employees to look after building pick-up truck frames.
The indefinite layoff begins Jan. 26.
Formet cut 400 jobs in September when General Motors closed its Oshawa facility.