December 10, 2018 – Supremex, a North American manufacturer and marketer of envelopes and provider of paper-based packaging solutions, has announced it is cutting 41 jobs at its Canadian envelope
operations.
The cuts amount to eight per cent of the company’s envelope workforce. Supremex operates 12 facilities in seven provinces in Canada and three facilities in the United States, employing about 830 people in total.
The company says the cuts will save $2.7 million and improve resource allocation for its diversification strategy into the packaging market.
“We regret the effect that these measures will have on employees and their families, and wherever possible, we have transitioned employees to our packaging business and worked with them on early retirement possibilities,” says Stewart Emerson, president and CEO of Supremex. “These cost cutting measures were necessary to improve operational efficiency and improve both competitiveness and profitability in our envelope business as we continue to prudently deploy resources into our packaging activities.”
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