Horizon North layoffs hit 80+ employees in Kamloops
KAMLOOPS — The decline in the price of oil and a slowdown in the energy field is having a direct impact on a large manufacturing plant in Kamloops forcing Horizon North to lay off 25% of its workforce.
Horizon North confirming to CFJC they are permanently laying off 39 employees and laying off another 48 temporarily at the Kamloops manufacturing facility.
“75% of the production the last five years from the Kamloops facility has gone into the energy or the resource business, and on a daily basis a series of energy companies, and a number of them are customers, have really pulled back on their capital spending for 2016,” says President and CEO of Horizon North Rod Graham.