Canadian auto parts supplier Linamar Corp. is cranking its factories back into production as the threat of the coronavirus pandemic wanes.
“We are very much focused on recovery at this point,” Linda Hasenfratz said on BNN Bloomberg TV Friday. “I feel we’ve really come through the toughest point.”
Some plants are now running in North America and Europe. “Next week, the rest of the North America plants will be coming back online,” Hasenfratz said.
The comments may help soften the blow from U.S. factory production data today which showed an almost 72 per cent slump for motor vehicles and parts as car plants shuttered to slow the spread of the virus.
The Guelph, Ontario-based company has established safety protocols based on screening, making sure workers get the protection they need, including masks, establishing physical barriers to keep people apart, cleaning and hygiene and contact tracing, she said.
With factories running for weeks in China, the company hasn’t had a single positive case of Covid-19, she said. “Protocols work,” Hasenfratz said. “We feel very confident in the safety of our people coming back.”
Linamar is continuing to trim costs to weather the downturn, coming up with C$12 million (US$8.5 million) in just a couple of weeks. Capital expenditures are likely to be down by a third over last year, she said.