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Supremex to cut workforce in its Canadian envelope operation
Supremex recently announced a plan to reduce operating expenses at its Canadian envelope operations to improve resource allocation and further support the company's diversification strategy into the growing packaging market.
According to PaperAge, Supremex envelopes Supremex is reducing its Canadian envelope facilities headcount by a total of 41 employees, or approximately 8% of its Canadian envelope workforce.
These measures will result in annual cost reductions of approximately $2.7 million, before taxes, which will progressively materialize in the current quarter and will take full effect in 2019.
Supremex Inc. is a leading North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions.