NorSask slashes workforce by half in response to COVID-19 uncertainty
NorSask Forestry Products Inc. will be slashing its workforce in half in response to COVID-19 and U.S. market uncertainty.
Al Balisky, president and CEO of Meadow Lake Tribal Council (MLTC) Industrial Investments told meadowlakeNOW, 45 sawmill employees will be temporarily laid off and operations will move to a single-shift operation effective March 30.
“As most industries are facing, markets have gone sideways and are uncertain,” Balisky said. “The U.S. housing market is no different and most of our lumber heads to the U.S.”
With the onset of COVID-19, Balisky said the U.S. housing market and lumber demand has dropped nearly 50 per cent.