Mississauga, Ont.-based Maple Leaf Foods Inc. will be cutting more than 400 salaried jobs in an effort to reduce costs and streamline the organization.
The job cuts will be made across the country, with the largest impact in Mississauga (where the head office is located). The majority of the cuts are expected be completed before the end of the year, with the remainder in 2016.
A company media release stated that during the layoff process, “People affected will be treated fairly and respectfully, consistent with the company’s values and history in implementing organizational change.”
The cuts are part of an overall move to streamline and reorganize the company in order to focus on growth going forward, according to the Maple Leaf media release.
“We are committed to building a more sustainable company as a core growth platform and we are taking important steps to reduce costs and redirect resources to those areas providing the greatest opportunity for business expansion,” says Michael H. McCain, president and CEO of Maple Leaf Foods.