SRTX Layoffs
Industry Manufacturing · Location Montreal · Canada · Subscribe (RSS)
SRTX has 1 publicly reported layoff round on record (most recent February 5, 2025). A total of about 140 employees were affected across these rounds.
Layoff history
New U.S. tariffs on Canadian goods triggered a temporary layoff of roughly 140 workers at Montreal textile manufacturer SRTX in early February 2025, affecting about 40% of its nearly 350 staff and contractors. The company, which operates one of North America's largest traceable textile factories and makes tights sold primarily in U.S. markets, was hit by a combined duty burden of 41% after Washington announced a 25% tariff on top of an existing 16% duty and eliminated the de minimis exemption. About 85% of SRTX revenue comes from U.S. customers. CEO Katherine Homuth told affected employees the layoffs were expected to last up to six months, and said the company was still closing a fundraise critical to reaching profitability. Workers retained access to benefits during the period and could request payout of accrued vacation.
Reason: U.S. tariffs on Canadian goods
Source: substack.com
Data for SRTX is compiled from public WARN Act filings and reporting linked above. See our methodology.