INVISTA is winding down production at its long-standing Maitland, Ontario facility — cutting approximately 100 jobs — as the company consolidates operations elsewhere, reports CTV News.
Less than a year ago, INVISTA announced a $23 million investment to re-commission HMD assets at the same Maitland site — a move now reversed as market conditions have shifted.
Maitland is situated 8 km east of Brockville and 109 km south of Ottawa — a historically industrial region now facing increasing economic pressures.
This closure adds to growing concern over job losses in eastern Ontario’s industrial corridor, especially as major multinationals consolidate operations in the US or abroad.
Brook Vickery, INVISTA president and CEO: “We want to recognize and thank the Maitland employees, contractors, and others who have contributed to INVISTA’s success over the years.
This decision is not a reflection of their efforts, but rather a reality of today’s market environment.”
The company says a “phased” approach to decommissioning will be used, and severance will be provided for affected staff.
For a broader view of recent corporate cuts...
Top News The Minister of Information and National Orientation, Mohammed Idris, says the Federal Government’s high-level delegation currently in the United States is actively confronting and corre...