Irving Paper Lays Off Nearly Half Its Workforce Due to Rising Electricity Costs

Irving Paper has laid off nearly half of its workforce, approximately 500 employees, citing the rising costs of electricity as the primary reason for this drastic decision. The layoffs occurred in New Brunswick, Canada, and reflect the company's struggle to manage operational expenses amidst increasing energy prices. The company has indicated that these cuts are necessary to ensure its financial viability moving forward. This significant reduction in staff highlights the challenges faced by the paper industry in the current economic climate.

LayoffTalk has tracked 9 layoff events at New Brunswick since February 2025, including 90 jobs documented in official WARN filings, with 8 additional events known from news reporting.