The community of L'Orignal, Ontario, and its major employer, Ivaco Rolling Mills, are concerned about the economic impact of a doubled U.S. steel tariff. The company already laid off 140 workers in March, with some affecting the L'Orignal plant, and uncertainty about future orders and jobs is high.
L'Orignal braces for impact of hike to U.S. steel tariff
CanadaL'OrignalOntarioBusinessInternational tradeTariffsLayoffs
AI Summary
TL;DR: Key points with love ❤️The community of L'Orignal, Ontario, and its major employer, Ivaco Rolling Mills, are concerned about the economic impact of a doubled U.S. steel tariff. The company already laid off 140 workers in March, with some affecting the L'Orignal plant, and uncertainty about future orders and jobs is high.
Trending- 1 March: Heico announced layoffs of 140 workers, affecting the L'Orignal plant.
- 2 Wednesday (recent): U.S. tariffs were announced.
- 3 Ongoing: Workers and the community are nervously watching the situation, and company sales teams are working to find other buyers.
- Layoffs (140 workers, with about one-third at L'Orignal plant)
- Reduced hours and furloughs for workers
- Economic uncertainty for the L'Orignal community
- Potential job losses and longer commutes for workers seeking new employment
- Negative impact on local businesses (restaurants, car dealers)
What: The community of L'Orignal and Ivaco Rolling Mills are bracing for the impact of a doubled U.S. steel tariff, which has already led to layoffs and uncertainty.
When: Tariffs were announced on Wednesday (recent past); layoffs occurred in March; the situation is ongoing with current uncertainty.
Where: L'Orignal, Ontario, Canada; affecting steel exports to the United States; neighboring communities like Hawkesbury and Quebecers are also impacted.
Why: The U.S. doubled its steel tariffs, increasing the cost of Canadian steel exports and leading to economic uncertainty and job losses at Ivaco Rolling Mills.
How: The tariffs increase the cost of steel exports to the U.S., leading to reduced hours, furloughs, and permanent layoffs at Ivaco Rolling Mills, which in turn affects the local economy and employment.