MONTREAL, Feb. 17, 2014 /CNW Telbec/ - Resolute Forest Products Inc.
(NYSE: RFP) (TSX: RFP) announced a five-year renewal of the master
collective agreement covering four unionized U.S. pulp and paper mills.
Unionized employees voted overwhelmingly to ratify the agreement at
mills in Augusta, Georgia; Calhoun, Tennessee; Catawba, South Carolina;
and Coosa Pines, Alabama, effective as of February 14, 2014.
"At Resolute, we believe in succeeding together, where every member's
contribution is important to reach our collective goals and ensure our
long-term success," said Richard Garneau, president and chief executive
officer. "We're very pleased to have quickly reached an agreement with
union leadership and members to ensure we remain a competitive
employer, but also one that maintains its competitive edge."
The agreement covers about 1,500 employees, represented by the United
Steelworkers (USW), the International Brotherhood of Electrical Workers
(IBEW) and the United Association of Journeymen and Apprentices of the
Plumbing, Pipefitting and Sprinkler Fitting Industry of the U.S. and
Canada (UA). The agreement improves wages in each of its five years and
continues the partnership with all unions on employee safety and
efficiency. In addition to securing high-quality healthcare, it will
encourage consumer behavior to control costs, allow employees to
benefit from wellness initiatives, and significantly reduce the
Company's other postretirement benefits, or "OPEB," liabilities.
The four mills, together with the Company's other U.S. pulp and paper
operations, none of which has an expiring collective agreement,
represent almost half of the Company's pulp and paper production
About Resolute Forest Products
Resolute Forest Products is a global leader in the forest products
industry with a diverse range of products, including newsprint,
commercial printing papers, market pulp and wood products. The Company
owns or operates over 40 pulp and paper mills and wood products
facilities in the United States, Canada and South Korea, and power
generation assets in Canada. Marketing its products in close to 90
countries, Resolute has third-party certified 100% of its managed
woodlands to at least one of three internationally-recognized
sustainable forest management standards. The shares of Resolute Forest
Products trade under the stock symbol RFP on both the New York Stock
Exchange and the Toronto Stock Exchange.
Resolute and other member companies of the Forest Products Association
of Canada, as well as a number of environmental organizations, are
partners in the Canadian Boreal Forest Agreement. The group works to
identify solutions to conservation issues that meet the goal of
balancing equally the three pillars of sustainability linked to human
activities: environmental, social and economic. Resolute is also a
member of the World Wildlife Fund's Climate Savers program, in which
businesses establish ambitious targets to voluntarily reduce greenhouse
gas emissions and work aggressively toward achieving them.
SOURCE: Resolute Forest Products Inc.
For further information:
Rémi G. Lalonde
Vice President, Investor Relations
Media and Others
Vice President, Corporate Communications,
Sustainability and Government Affairs