Tree Island Steel Layoffs 2026 — 113 Jobs Cut in British Columbia, Canada

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.