Olymel cuts 177 management jobs

Olymel eliminates 177 management positions, 120 of which became vacant in recent months. The company has notified the affected 57 employees.

According to a statement by Olymel, “The decision was made after carefully considering the effectiveness and redundancy of the administrative support functions within the organization. Reviewing the tasks for these roles convinced the executive that streamlining the management of administrative staff became necessary given the market context and growth challenges the company is facing.”

Olymel believes this decision will help eliminate duplicate tasks and lead to savings and efficiency gains to meet market conditions. These job cuts will mostly affect administrative positions, primarily in Quebec.

“The effects of the COVID-19 pandemic and a historic labour shortage at our facilities, market and supply chain disruptions, raw material price inflation and an uncertain global economic landscape are all factors that make a case for optimized company business models. Olymel is no exception. After careful analysis, the difficult decision to significantly reduce our management staff is an answer to the need to adapt to unpredictable market conditions and to better position the company for the future. On behalf of all my colleagues, I want to extend our deepest gratitude to each of the managers affected by this decision for their service to the company over the years. Olymel will do everything possible to ensure that these employees are supported as they continue their careers,” said Yanick Gervais, president and CEO, Olymel.