TORONTO – Maple Leaf Foods is cutting more than 400 salaried jobs in a move to cut costs and streamline the organization.
The meat processing company says the majority of the cuts will be completed before the end of the year, with the remainder in 2016.
Financial news and insights
delivered to your email every Saturday.
The cuts come as the company nears the end of a massive restructuring plan.
The company has been cutting costs by combining some of its plants and closing others as well as reducing its number of distribution centres.
Maple Leaf says it employs roughly 12,000 people across Canada.
More on Money
- Gas prices surge in some parts of Canada. What’s causing pain at the pumps?
- Roll Up To Win? Tim Hortons says $55K boat win email was ‘human error’
- Ontario premier calls cost of gas ‘absolutely disgusting,’ raises price-gouging concerns
- Netflix beats subscriber targets, but revenue falls short of forecast
Comments