Supremex blames tariffs as it plans to cut 6% of workforce
Montreal-based paper packaging and envelopes maker Supremex announced a restructuring plan Tuesday as it estimated a $10 million to $12 million hit to annualized operating earnings from tariffs.
The plan has three primary focuses. Supremex will consolidate certain U.S. and Canadian envelope locations into more efficient “centres of excellence;” shrink its Saint-Laurent, Quebec, commercial print facility and transfer folding carton production to its flagship folding carton facility in Lachine, Quebec; and accelerate technology deployment for “core back-office processes.”
The company is eliminating 6% of its workforce, or 60 positions. Supremex projects the plan will lead to $5.7 million in annualized cost savings across Q4 2026 and Q1 2027. Still, the company says this has no impact on growth strategy and investments.