Linamar says labour, logistics issues affecting production, names new board chair

GUELPH, Ont. - Linamar Corp. says provide chain challenges and labour shortages deteriorated within the fourth quarter to materially hit each income and margins.

The producer says in a market situations replace Tuesday that it anticipated world mild automobile manufacturing to have climbed greater than anticipated within the fourth quarter, however greater prices for labour and logistics will weigh on its outcomes.

Guelph, Ont.-based Linamar says the labour and provide chain points have “acutely impacted” its capacity to ship merchandise in its industrial segments.

The corporate additionally says chief govt Linda Hasenfratz has been named chair of its board of administrators.

The appointment comes after the dying of Frank Hasenfratz, founder and govt chair of Linamar, earlier in January.

The corporate additionally says Jim Jarrell, president and chief working officer, has been appointed as a director of the corporate till the election of administrators at its annual basic assembly.

This report by The Canadian Press was first printed Jan. 18, 2022.

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