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Gurit to Adjust Staffing Levels in Canadian Foam Production Plant

22 January 2010

Gurit is to temporarily reduce staffing levels at its Canadian structural foam plant in Magog by 125 people.

The decision has been attributed to the fluctuating demand for Corecell structural foam products in the Marine and Wind Energy Market since the beginning of the financial crisis in 2008, which has caused a fluctuation within the workforce throughout this period.

As with all previous temporary lay-offs in the Canadian structural foam plant, Gurit believes that the newly announced measures are transitory in nature and expects to call the first people back within two months and the majority within six months.

These measures are not expected to cause any restructuring cost.





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