BayToday.com reported that Kent Trusses in Sundridge has shut down.
An email from the company general manager Chuck Melanson to BayToday said: "We are experiencing a temporary production shutdown and will have an update for customers no later than Monday, August 29th."
The company is the largest employer in the town of 1,000, 40 minutes south of North Bay.
Mayor Lyle Hall heard the rumours but has received nothing official from the company, however the Central Almaguin Economic Development Association has been working with Kent on a business retention plan trying to help them out with a few of their problems.
"We haven't received anything official from them. I don't want to speculate but I'm really hoping for the best because this could be quite a body blow to the community. The whole social and economic fabric would be affected. It would be a shame. We're hoping for the best."
Sources told BayToday the company has been unable to buy the lumber to build trusses.
The company was purchased by Julio Cacoilo in 2010.
As of 2015, the company employed more than 110 full-time staff and has grown its operations to nearly 65,000 square feet with locations in both Sundridge and Providence Bay.