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Linamar Corp
Symbol LNR
Shares Issued 59,665,491
Close 2026-01-29 C$ 86.34
Market Cap C$ 5,151,518,493
Recent Sedar+ Documents

Post says Linamar sees GM cut shift, 700 jobs lost

2026-01-30 07:22 ET - In the News

Also In the News (C-MG) Magna International Inc
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The Financial Post reports in its Friday edition that General Motors has eliminated the third shift at its assembly plant in Oshawa, Ont., cutting about 700 jobs, plus another 300 to 500 workers at parts companies that supply the factory, according to the company's union, Unifor. The Post's Gabriel Friedman writes that the Oshawa plant makes Chevrolet Silverado pickup trucks -- one of GM's best-selling models -- but the carmaker has been under pressure from President Donald Trump to move manufacturing to the United States. His administration last year enacted a tariff regime to that end. GM originally said it would eliminate the third shift in Oshawa last year, while also saying it would add production at an Indiana plant that also makes the pickups, but it eventually committed to keeping the third shift until early 2026. It also said it had negotiated retirement packages with 200 workers at its plant, which would reduce the layoffs occurring on Friday to 500 people. GM last year also ended production of its battery electric delivery van, the Brightdrop, citing poor demand, resulting in 1,200 workers at its CAMI assembly plant in Ingersoll, Ont., losing their jobs. GM is projecting up to $10.3-billion profit in 2026.

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