Tree Island Steel Layoffs 2026 — 113 Jobs Cut in British Columbia, Canada
~113
employees affected
Media Report
Retrospective
Tree Island Steel, a Richmond, British Columbia-based wire and fabricated wire products manufacturer, implemented a 27% workforce reduction in response to a sharp revenue decline in 2025. The downturn was driven by lower U.S. volumes amid expanded U.S. tariffs, resulting in full-year sales falling to $161.8 million from $207.0 million and a net loss of $5.3 million.
Key Facts
All Manufacturing layoffs →- Announced Date
- March 14, 2026
- Effective Date
- October 1, 2025
- Province
- British Columbia
- City
- Richmond
- Industry
- Manufacturing
- Laid Off
- ~113 (Estimated headcount)
- Percentage
- 27%
- Organization Type
- public
- Source
- News Media
Company Info
All Tree Island Steel layoffs →- Organization
- Tree Island Steel
- Website
- www.treeisland.com/
- Total Employees
- 420
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