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According to the Toronto Star, residential furniture manufacturer Shermag Inc. of Sherbrooke, QUE, is scheduled to lay off 90 workers at a factory in Disraeli, QUE, due to an "excess capacity" as a result of its restructuring.


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 the Toronto Star The Toronto Star is Canada's highest-circulation newspaper, though its print edition is distributed almost entirely within Ontario. It is owned by Toronto Star Newspapers Ltd., a division of Star Media Group, a subsidiary of Torstar Corporation. , residential furniture manufacturer Shermag Inc. of Sherbrooke, QUE, is scheduled to lay off 90 workers at a factory in Disraeli, QUE, due to an "excess capacity" as a result of its restructuring. The temporary Layoffs will take effect on Oct. 9. Shermag announced in June that it will accelerate production in Asia after the strong Canadian dollar Noun 1. Canadian dollar - the basic unit of money in Canada; "the Canadian dollar has the image of loon on one side of the coin"
loonie

dollar - the basic monetary unit in many countries; equal to 100 cents
 and other domestic issues produced a $22.7 million toss in its fourth quarter.
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Title Annotation:BUSINESS DIGEST
Publication:Wood & Wood Products
Date:Sep 1, 2006
Words:76
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