PROCESSWEST Magazine Online

Envelope-maker Supremex closes Edmonton plant

December 2, 2020   by Canadian Press




Supremex Inc. is closing its Edmonton, Alta. facility and cutting 39 jobs in a move to reduce costs.

The envelope maker says the cuts represent about five per cent of its total workforce, which is expected to result in an annual cost savings of about $2.4 million, before taxes.

The company says the savings will begin to materialize in the current quarter and throughout the first three quarters of 2021 as operations wind down in Edmonton.

Supremex says it will take a one-time charge of about $2.5 million, before taxes, on its fourth-quarter results.

Advertisment

The company operates 13 facilities across six provinces and three facilities in the United States employing a total of about 850 people.

(Canadian Press)


Print this page

Related Stories

Leave a Reply

Your email address will not be published. Required fields are marked *

*