MONTREAL, May 10 /CNW Telbec/ - (TSX: TMB TMB.WT) - Following a
breakdown in labour discussions between Company representatives and the
union representatives at the Tembec high-yield pulp mill located in
Matane, Quebec, unionized employees did not report to work this morning
and went out on strike. Consequently, all production activities have
been suspended indefinitely.
The Company is monitoring the situation very closely and is putting into
place measures that will ensure uninterrupted supply to its customers.
The plant in Matane employs 143 people, of which 99 are unionized, and
ships to customers in North America, Europe and Asia.
Tembec is a large, diversified and integrated forest products company
which stands as the global leader in sustainable forest management
practices. The Company's principal operations are located in Canada and
France. Tembec's common shares are listed on the Toronto Stock Exchange
under the symbol TMB and warrants under TMB.WT. Additional information
on Tembec is available on its website at www.tembec.com.
This press release includes "forward-looking statements" within the
meaning of securities laws. Such statements relate, without
limitation, to the Company's or management's objectives, projections,
estimates, expectations or predictions of the future and can be
identified by words such as "may", "will", "could", "anticipate",
"estimate", "expect" and "project", the negative or variation thereof,
and expressions of similar nature. Forward-looking statements are
based on certain assumptions and analyses made by the Company in light
of its experience, information available to it and its perception of
future developments. Such statements are subject to a number of risks
and uncertainties, including, but not limited to, changes in foreign
exchange rates, product selling prices, raw material and operating
costs and other factors identified in our periodic filings with
securities regulatory authorities. Many of these risks are beyond the
control of the Company and, therefore, may cause actual actions or
results to materially differ from those expressed or implied herein.
The forward-looking statements contained herein reflect the Company's
expectations as of the date hereof and are subject to change after such
date. The Company disclaims any intention to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, unless required by applicable securities
For further information:
Vice President, Communications and Public Affairs
Tel.: 416 775-2819