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SKF Drug Plant to Close in Mississauga After 37 Years
Mississauga’s Smith Klein and French Canada to lay off 85 workers next March, bringing total job cuts to 126 as the plant shuts down after 37 years. The firm, once a top Canadian pharma, faced sales drop from 60 million in 1982 to an expected 12 million this year, with 110 employees remaining and doubts about future operations. The closure follows policy changes that allowed generic competition, eroding profits and triggering the slowdown in a key drug-producing unit.
MENTIONED IN THIS ARTICLE
Argentia Road
Mississauga
Ontario
Smith Klein
French Canada
Canada
Ken Sins
SKF
Sims
Trudeau