Location: New Brunswick, Canada.
Based on news reporting.
Irving Paper has announced the shutdown of 50% of its operations in New Brunswick, primarily due to rising electricity rates. This significant reduction in operations is expected to impact the company's workforce, although specific numbers of employees affected have not been disclosed. The decision reflects ongoing challenges in the industry related to operational costs. The company has not provided a timeline for when these changes will take effect, but the move underscores the financial pressures faced by manufacturers in the region. This situation highlights the broader issues within the industry regarding energy costs and operational viability.
LayoffTalk has tracked 10 layoff events at New Brunswick since October 2023, affecting a combined 1,090 employees.
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