Supremex to cut 60 jobs and move folding carton output to Lachine, targeting $5.7m savings
Supremex has launched a restructuring plan to eliminate about 60 positions, roughly 6% of its workforce, targeting $5.7m in annualised cost savings. The Montreal-based envelope and paper packaging maker separately estimates tariffs are costing it $10.0m to $12.0m a year in operating earnings, net of mitigation measures taken so far. The plan includes consolidating folding carton production from Saint-Laurent, Quebec into its Lachine facility and aligning its Canadian and US envelope networks; full run-rate savings are expected by the first quarter of 2027, with a restructuring charge of about $1.8m to be booked in the fourth quarter of 2026.
Why this mattersTariffs costing $10-12m a year are forcing a Canadian envelope and carton maker to shrink its network, a cost path exposed cross-border converters will follow.
- Supremex to cut approximately 60 positions, about 6% of its workforce
- Restructuring targets $5.7m in annualised cost savings, full run-rate by Q1 2027
- Estimated net tariff impact of $10.0m to $12.0m annually, net of mitigation to date
- Restructuring charge of approximately $1.8m expected to be booked in Q4 2026
- Folding carton production to move from Saint-Laurent, Quebec to Lachine, Quebec flagship facility
- Benefits of the plan expected to begin materialising in Q4 2026