Tremendous financial uncertainty: Another Quebec company announces big layoffs [Video]

A second Quebec manufacturer has announced mass layoffs this week amid U.S. President Donald Trump’s threat of tariffs on Canadian exports.

Montreal-based tights manufacturer Sheertex (SRTX) founder and CEO Katherine Homuth announced on LinkedIn on Wednesday that the company has placed approximately 40 per cent of its 350 employees on temporary layoff. This amounts to about 140 people losing their jobs.

“This decision was not made lightly. With 85 per cent of our sales in the U.S., and tens of millions invested in our Canadian factory, the impending U.S. tariff changes and delays in closing the final portion of our fundraise have led to tremendous financial uncertainty,” Homuth wrote.

In an email sent to Global News, Homuth said the financial impact of the tariffs has already started, even before official implementation.

She pointed to the “immediate cost increases due to supply chain shifts, the urgent need to move inventory before tariffs hit, the impact on investment and …