Magna International Layoffs 2026 — 400 Jobs Cut in Ontario, Canada
~400
employees affected
Media Report
Magna International announced layoffs of approximately 400 workers at its Formet Industries factory in St. Thomas, Ontario, representing about one quarter of the plant's 1,600-person workforce. The layoffs are a result of declining sales of full-size trucks and sport utility vehicles as the downturn works through from automakers to suppliers.
Key Facts
All Manufacturing layoffs →- Announced Date
- May 7, 2026
- Effective Date
- September 8, 2008
- Province
- Ontario
- City
- St. Thomas
- Industry
- Manufacturing
- Laid Off
- ~400(Planned or forecast layoffs)
- Percentage
- 25%
- Organization Type
- public
- Source
- News Media
Company Info
All Magna International layoffs →- Organization
- Magna International
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