Saputo closing two facilities, laying off 280 workers
Dairy company says plants in Ontario and New Brunswick will close within the next year
Saputo Inc. says it will close its facilities in Trenton, Ont., and Saint John, N.B.
The closures are scheduled for September this year and January 2021, respectively.
The dairy and cheese company estimates approximately 280 employees will be impacted.
The production of both these sites will be integrated into other Saputo facilities across Canada and some affected employees will be offered the possibility of transferring to other Saputo locations within the dairy division.
The announcement came as Saputo reported a third-quarter profit of $197.8 million, compared with a profit of $342.0 million a year ago. Revenue totalled $3.89 billion, up from $3.58 billion.