Story perspectives

Holsag Canada to Close Factory, 130 Jobs Lost

11/1/2025

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Summary

Story summary

Holsag Canada, a furniture manufacturer in Lindsay, Ontario, will close its factory by March 2026, leading to the loss of up to 130 jobs.
Parent company Mity Inc. cited rising operational costs, fluctuating tariffs, and trade challenges as reasons for the closure.
Mity CEO Kevin McCoy acknowledged the difficult decision and praised the dedication of the Canadian team.
Local officials, including Mayor Doug Elmslie and MPP Laurie Scott, expressed concern about the closure's impact on the community.
Mity plans to provide severance and career transition assistance to affected employees.

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Story summary

Holsag Canada, a furniture manufacturer in Lindsay, Ontario, will close its factory by March 2026, leading to the loss of up to 130 jobs.
Parent company Mity Inc. cited rising operational costs, fluctuating tariffs, and trade challenges as reasons for the closure.
Mity CEO Kevin McCoy acknowledged the difficult decision and praised the dedication of the Canadian team.
Local officials, including Mayor Doug Elmslie and MPP Laurie Scott, expressed concern about the closure's impact on the community.
Mity plans to provide severance and career transition assistance to affected employees.