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.
Supremex blames tariffs as it plans to cut 6% of workforce | Packaging Dive