Supremex Inc. says it is closing its Edmonton facility and cutting 39 jobs in a move to reduce costs.
The envelope maker says the cuts represent about five per cent of its total workforce.
The move is expected to result in annual cost savings of about $2.4 million, before taxes.
READ MORE: Aurora Cannabis lays off 30 staff, ‘indefinitely’ pauses operations at Alberta facility
The company says the savings will begin to materialize in the current quarter and throughout the first three quarters of 2021 as operations wind down in Edmonton.
Supremex says it will take a one-time charge of about $2.5 million, before taxes, on its fourth-quarter results.
The company operates 13 facilities across six provinces and three facilities in the United States employing a total of about 850 people.
Watch below: Some Global News videos about layoffs in Edmonton in 2020.
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Finance minister comments on Alberta layoffs -
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Laid off City of Edmonton employees given two weeks notice -
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City of Edmonton laying off 900 more employees, freezing new hires -
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City of Edmonton and employee unions working together on layoffs -
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More layoffs coming within City of Edmonton: Mayor Don Iveson -
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Edmonton lays off over 2,000 staff at city rec centres, public libraries due to COVID-19 -
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Mayor Iveson and City of Edmonton on laying off 2,000 employees; budget impact of COVID-19 pandemic -
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City of Edmonton on whether more layoffs will happen -
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City of Edmonton on what happens of layoffs last months
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