Canadian Metals Industry Mulling Job Cuts Amid Heightened US Duties
What’s Happening?
In the wake of enhanced US duties on steel and aluminum imports, the Canadian metals industry is warning of job cuts amid a further drop in sales.
Tim Houtsma, CEO of Nova Scotia-based Marid Industries, told Reuters that the new 50% rate makes it impossible to sell to the United States.
“We are going to tighten our belt and we are going to need to watch our cost because we are going to be shut out of the US market for some period of time,” Houtsma said.
The Aluminium Association of Canada believes the latest trade action by the Trump administration could result in its members diversifying to Europe.
SEE ALSO
• MPG Canada Cuts Workforce Amid US Trade War
• 76% Canadian Companies Preparing for Recession Amid Trade Crisis
• Canada unveils suite of business relief measures amid U.S. trade war
Check out our comprehensive blog on how US tariffs could affect non-unionized employees in Canada. You can also use our free Pocket Employment Lawyer to get real-time insights on your workplace rights.
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At Samfiru Tumarkin LLP, we’ve helped over 50,000 clients secure fair severance packages — recovering millions of dollars for non-unionized employees across Canada.
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SEE ALSO
• Should I Negotiate My Own Severance Package in Ontario?
• What Albertans Need to Know About Negotiating Severance
• Negotiating Severance in BC: What Employees Need to Know
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About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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