Sherritt to Temporarily Lay Off About 280 Canadian Employees
Sherritt says the layoffs will affect 47% of its Canadian workforce and last about 90 days as it works to preserve liquidity and restore refining operations in Fort Saskatchewan, Alberta.
Sherritt International Corporation announced on November 4, 2026, that it will implement temporary layoffs affecting approximately 280 employees, representing 47% of its Canadian workforce. The company stated that this action is part of ongoing measures to preserve liquidity as it works toward restoring metals refining operations at its facility in Fort Saskatchewan, Alberta. The temporary layoffs are expected to last for approximately 90 days. This decision follows the company's efforts to advance the regulatory, operational, and financial requirements necessary for the restart of its refining operations, including the receipt of emergency licenses from the U.S.
Department of the Treasury's Office of Foreign Assets Control.