Sheertex, a Canadian pantyhose manufacturer based in Montreal, announced a temporary layoff of 40% of its workforce, affecting approximately 140 employees, due to considerable financial uncertainty. CEO Katherine Homuth cited delays in finalizing recent fundraising efforts and the looming threat of U.S. tariffs on Canadian goods. The anticipated 25% tariffs, coupled with the removal of a de minimis exemption for direct-to-consumer orders under $800, could result in an additional 16% duty, further impacting the company, which relies heavily on U.S. sales.
Katherine Homuth, CEO of Sheertex, stated that delays in fundraising and U.S. tariffs have compelled the Montreal-based pantyhose maker to lay off 40 percent of its staff.
With U.S. tariffs possibly reaching 25%, and the removal of the de minimis exemption introducing an added 16% duty, Sheertex faces severe financial challenges.
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