Magna revealed yesterday it will permanently lay off about 400 employees or 25 per cent of the workforce at Formet Industries in St. Thomas on Sept. 8. About The Star ...

“We have been able to secure additional business that allows us to grow in two great communities,” said Mark Johnson, Magna’s Formet Industries general manager. The Chatham plant will build ...

ST. THOMAS, Ont.—Formet Industries, a division of Magna International Inc., is launching a new lightweight product line. With $1 million in assistance from the provincial government’s ...

"We are coming to Chatham with new job opportunities working on an exciting new technology that offers a lot of growth potential," said Mark Johnson, Magna's Formet Industries general manager ...

Convicted: Magna International Inc. operating as Formet Industries, 1 Cosma Court, St. Thomas, an industrial establishment that manufactures full chassis frames, front module assemblies, bumpers, side ...

Magna International Inc. is going to lay off 725 workers at its truck-frame plant in St. Thomas, Ont., until the market picks up. The auto parts company said the layoffs at the Formet Industries ...

Formet Industries, a manufacturing division of Magna's Cosma operating unit, said the layoffs, which include both salaried and hourly workers, will be effective September 8. Magna said Formet ...

Formet is a manufacturing division of Cosma International, which is part of Magna International, the world's second-largest auto supplier by sales.

ST. THOMAS – A London-area auto-parts giant is celebrating the richest deal in its parent company’s history, a 12-year contract with General Motors that ensures stability in these unstable times.

so even for Magna, that’s a significant chunk of dollars to invest.” The company operates Formet Industries, an automotive frame manufacturing plant, and Presstran Industries, which makes ...