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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.
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Dorel Industries despidió a trabajadores como parte de una estrategia de reducción de costos para ahorrar $6,5 millones.