Weekly Summary
Jul 14 – Jul 20, 2025
Vancouver, Canada-based Canfor Corp. is closing sawmills in Darlington and Estill, South Carolina, laying off 290 workers. The company cited persistently weak market conditions and sustained financial losses as reasons for the mill closures.
Ridgewood Industries, a furniture manufacturer in Cornwall, Ontario, will close in September 2025 after 55 years in business, resulting in 300 job losses. Parent company Dorel Industries cited the U.S. economy and the need to return to profitability as reasons for the closure of the domestic manufacturing operations.
Bayer's BlueRock Therapeutics is cutting 50 jobs in 2025 with Canadian employees affected. The layoff announcement was published on July 17, 2025.
Burgundy Diamond Mines announced the suspension of open pit operations at Ekati Diamond Mine in the Northwest Territories, laying off several hundred employees and contractors, with the Union of Northern Workers confirming approximately 160 of its members were affected. The company continues mining at the Misery underground site while the layoffs are attributed to weak diamond market conditions, reduced demand in China, and competition from lab-grown diamonds.