Macro Finance
Sherritt Furloughs 47% of Canada Workforce Amid Cuba Sanctions
Bloomberg Markets·November 4, 2026·1 min read
Sherritt International will temporarily lay off 47% of its Canadian workforce as the nickel and cobalt producer deals with the impact of expanded US sanctions on Cuba. The company is grappling with reduced operations and market access, forcing it to cut costs amid the ongoing geopolitical tensions.
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