Cascades Closes Niagara Falls Plant Cutting 123 Jobs

Cascades Inc., a Canadian packaging company, announced it will permanently close its Niagara Falls, New York facility by September 3, 2025, resulting in the loss of 123 jobs and incurring closure costs of approximately $5 million. The closure is part of a strategic effort to optimize and simplify the company's packaging production platform, focusing on profitability, customer service, and sustainable growth. Executive Vice-President Jean-David Tardif emphasized the difficulty of the decision but highlighted its necessity for improving the packaging sector's performance and capitalizing on future growth opportunities. The company plans to support affected employees with job search assistance and ensure a smooth transition for customers. The decision has been met with disappointment from the union representing some employees, which pledged to advocate for fair severance packages during the closure process. Cascades' stock showed cautious optimism following the announcement, reflecting market approval of the company's operational restructuring and positioning for long-term value.