Almost 360 new jobs are expected to be created at Linamar Corp.'s Guelph, Ontario-based Skyjack division over the next five years, according to a recent report in the Guelph Tribune. The provincial government will lend the company almost $2.5 million (Canada) for up to five years, which will support an industrial research and development Centre of Excellence aimed at promoting innovation and jobs at Skyjack.
The company and province plan to invest a total of $24.8 million (Canada) in enhancing research at Skyjack, which is expected to help the company diversify its product lines of aerial work platforms and create 358 new jobs.
The project will focus on the development of a new line of boom lifts and telehandlers, according to the Guelph Tribune. The project also includes the construction of a new test track for the prototyping and testing of new products.
Click here for the original Guelph Tribune article.