Williamsburg Manufacturing Announces 92 Layoffs

WILLIAMSBURG - Ninety-two full-time employees will be temporarily laid off at Williamsburg Manufacturing, a division of Magna International Inc.'s Cosma operating unit. Those layoffs will take effect March 2, 2009.

The company sites the downturn in automobile sales, the corresponding reduction in customer production volumes, and the overall economic conditions facing the North American auto industry.
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