Sherritt International Corporation is temporarily laying off approximately 280 employees, representing 47% of its Canadian workforce. These layoffs are expected to last around 90 days as the company works to restore its metals refining operations. The company suspended refining activities earlier this year after its feed inventory was depleted. During the layoff period, production of ammonia fertilizer and sulfuric acid will continue, along with necessary maintenance and safety activities. Sherritt is pursuing emergency licenses from the U.S. Treasury to restart its Cuban and Canadian operations.
Toronto, Ontario
https://www.businesswire.com/news/home/20261103544933/en/Sherritt-Announces-Temporary-Workforce-Layoffs-as-it-Advances-Path-Toward-Restoring-its-Metals-Refining-Operations