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Katherine Homuth, founder and CEO, said SRTX will be placing approximately 40 per cent of the company’s nearly 350 employees and full time equivalent contractors on temporary layoff, according to .

“This decision was not made lightly,” the post read. “The layoff is expected to last up to six months, allowing us to operate with the minimum team required to continue production and sales at forecasted levels for 2025.”

Homuth said the announcement of the now-paused U.S. tariffs on Canadian imports was the catalyst for the decision, as 85 per cent of the company’s revenue comes from the U.S.

“This is a devastating blow,” she said.

In 2023, the Sheertex were the No. 1 selling style of tights in the U.S.

Homuth said, although the recently announced 30-day pause on tariffs offers “a small window to mitigate the immediate impact” by moving inventory into the U.S., sourcing more U.S.-made materials and exploring cost-saving measures, it’s not enough to fully offset the financial strain.

Sheertex has Muskoka roots

Sheertex sought to tackle the problem of disposable tights and put a more sustainable pantyhose product on the market. It worked — and Sheertex tights rose in popularity.

The rip-resist knit technology is made with one of the world’s strongest polymers and is transforming the hosiery category, the company’s website reads.

In 2017, Homuth launched the now Montreal-based company in Bracebridge, Ontario. In 2019, Sheertex, formerly called Sheerly Genius, .

The company’s products are exported to buyers in the European Union, United Kingdom and Australia, according to an article by .