In October 2007 Weyerhauser, which operated an oriented strandboard mill 30 kilometres east of the town, announced an indefinite shutdown of its mill. The final production shift ran at the end of December 2007. Given low demand for wood products, the likelihood of the mill reopening was marginal at best. Since the shutdown, Wawa's economy has suffered a near complete collapse, as the closure resulted in over 135 lost jobs, and more residents left the area. This has had a spinoff effect on other businesses and on the town's population. It peaked at close to 5,600 in the 1990s but has since dropped to under 3,000, according to the 2011 Canadian census.