Jan. 26, 2015 – The Canadian Press is reporting that Premium Brands Holdings Corp. will close its Toronto, Ont.-based processed meat plant this December, a move that will affect about 200 workers.
The workers will receive severance packages and have access to counselling and outplacement services and workshops, noted the company.
According to The Canadian Press, Premium Brands looked at a number of options, but none was economically feasible for the plant, which was built in 1958.
Work that is done at the Toronto plant will gradually move to other facilities in Ontario starting in the spring, leading up to the final shutdown in December.
Premium Brands owns a range of specialty food manufacturing and differentiated food distribution businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec, as well as Washington State and Nevada, U.S.