Here’s a selection from the article:
In Delta, B.C., furniture company Prepac Manufacturing Ltd. abruptly announced plans last month to shut down one of its factories and terminate 170 employees. … The company was acquired by Toronto private equity firm TorQuest in 2019, and opened a new manufacturing and warehousing facility in North Carolina in 2021. Prepac plans to centralize its operations in North Carolina, leaving no Canadian footprint. Prepac was founded in Vancouver in 1979.
…
at South Shore Furniture, a Quebec furniture maker. In early February, the company said it was cutting 115 jobs because of tariff threats, noting that 70 per cent of its products were sold in the U.S. and American purchasers have sought out merchandise from Asia because of the trade war.
…
Another steel manufacturer in eastern Ontario – the Canada Metal Processing Group – said on Feb. 24 that it was cutting 140 employees because of the “actions by the United States” that will result in cancellations or delayed orders.
https://www.theglobeandmail.com/business/article-layoffs-take-hold-as-trade-war-intensifies/
This is a false narrative.
They were already planning to do that regardless of the election of the orange dumpster fire.
Absolutely, the private equity assholes were already going to do this. Just a convenient excuse for them
Yup. Steel/Aluminum plants are likely more related but just like when many places raise prices suddenly the “latest news article” is just a convenient excuse rather than a real reason behind it
Fucking cunts deserve to be in jail.
Do you have evidence of that?
Layoffs don’t happen this quickly. It takes more time to identify the right folks to lay off and act on that information.
The North Carolina plant was set up in 2021. Also this came across my Reddit RSS feed two days ago and there were comments in the post from workers.
That doesn’t tell us about the intentions of management and the private equity firm, or how they’ve changed in the past few weeks.