‘Tremendous financial uncertainty:’ Another Quebec company announces big layoffs

A second Quebec manufacturer has announced mass layoffs this week amid U.S. President Donald Trump’s threat of tariffs on Canadian exports.

Montreal-based tights manufacturer Sheertex (SRTX) founder and CEO Katherine Homuth announced on LinkedIn on Wednesday that the company has placed 40 per cent of its 350 employees on temporary layoff.

“This decision was not made lightly. With 85 per cent of our sales in the U.S., and tens of millions invested in our Canadian factory, the impending U.S. tariff changes and delays in closing the final portion of our fundraise have led to tremendous financial uncertainty,” Homuth wrote.

This comes on the heels of Quebec furniture manufacturer, South Shore Furniture, announcing it had laid off 115 people in the province, also due to the threat of U.S. tariffs on Canadian goods which are now expected to come into effect in a month.

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Global News has reached out to both companies for comment.

More to come.

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