Dorel Industries laid off workers as part of a cost-reduction strategy to save $6.5 million.

Dorel Industries, a home furniture and children's products company, laid off workers last quarter amid ongoing losses due to low demand. The company reported its best financial results in two and a half years, but the layoffs were part of a cost-reduction strategy to save $6.5 million this year. CEO Martin Schwartz stated that the company combined some operating units and reduced staff.

March 12, 2024
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