Canopy Growth's announcement that it would lay off hundreds of workers and shutter its Smiths Falls, Ont. factory is a familiar story for some residents.
"Being born and raised here, I can say that it feels like a lot like what happened in the Hershey days," he told CTV News on Thursday after Canopy Growth, the town's largest employer, anmnounced it would lay off 800 workers.
"I think it's going to take a little while for people to really understand what the impact to the community is going to be like," Bennett said. "I'm basically at a loss for words. I don't really know what to say at this point. I'm a little frustrated. Annoyed." "Obviously some time to think about it overnight, but definitely disappointing news," Pankow said. "This is probably the single biggest layoff, and of course the closure of 1 Hershey Drive is not something we were expecting."
"Our hearts go out to those who are most impacted, and I know some of them were previously impacted when Hershey closed, or other facilities closed around town. Here they go again. It can be pretty demoralizing," Pankow said. "A publicly-traded company has to deliver value to the shareholder and we've seen quarter after quarter, year after year, of loss and not what was anticipated when this industry was launched," added Pankow.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canopy Growth to lay off 800 workers, wind down main Smiths Falls facility | Globalnews.caThe Smiths Falls, Ont. cannabis company said Thursday that the layoff will impact 35 per cent of its workforce and take place over the next several months.
Read more »
Canopy Growth to close Smiths Falls operation, lay off 800, close and consolidate other facilitiesCanopy Growth Corp. will lay off 800 workers as part of a transformation plan that will see the company close its hallmark 1 Hershey facility and consolidate…
Read more »
Canopy Growth laying off 800, closing Smiths Falls, Ont., HQ | CBC NewsCanopy Growth Corp. will lay off 800 workers as part of a transformation plan that will see the company close its hallmark 1 Hershey facility and consolidate some of its cultivation operations.
Read more »
Smiths Falls, Ont. couple loses $8,000 in 'grandparent scam'Police in Smiths Falls are issuing a warning about a scam targeting the elderly population. ottnews
Read more »
Canopy Growth to lay off 800 workers, close and consolidate some facilitiesCanopy Growth is laying off 35 per cent of its workforce and closing its hallmark 1 Hershey facility in Smiths Falls, Ont. Read on.
Read more »
Canopy Growth to lay off 800 workers, close and consolidate some facilitiesCanopy Growth is laying off 35 per cent of its workforce and closing its hallmark 1 Hershey facility in Smiths Falls, Ont. Read on.
Read more »