MONTREAL, May 26, 2014 /CNW Telbec/ - Resolute Forest Products Inc.
(NYSE: RFP) (TSX: RFP) today expressed its satisfaction with employee
support for the renewal of collective agreements in Canada.
"We are delighted with the strong support expressed by our employees for
the agreement entered into between Resolute and Unifor," said President
and Chief Executive Officer Richard Garneau. "This agreement will help
us keep our Canadian pulp and paper mills competitive and preserves our
position as a financially strong and reliable supplier for our
customers. We are pleased to see that our employees and their union
leaders appreciate the nature of the issues and challenges facing our
company, such as accessing forest resources, controlling costs and
challenging market dynamics for some of our end-use paper products."
An agreement in principle was entered into between Unifor and the
Company on May 8, 2014, to renew the collective agreements for a
four-year period. This agreement in principle was submitted and
accepted by a strong majority of union members during the ratification
process over the past few weeks in each mill covered by the agreement.
This agreement covers nearly 2,000 employees across 11 Resolute pulp and
paper mills in Canada, consisting of the Quebec mills of Amos,
Baie-Comeau, Dolbeau, Gatineau, Kénogami, Laurentide and
Saint-Félicien, as well as the Ontario mills of Fort Frances, Iroquois
Falls, Thorold and Thunder Bay. The 11 facilities account for over 41%
of Resolute's total pulp and paper capacity.
The agreement with Unifor was reached two months after Resolute and the
United Steel Workers (USW) renewed, prior to their expiration, the
collective agreements of Resolute's U.S. mills of Catawba (South
Carolina) and Calhoun (Tennessee), now expiring in 2019, and Coosa
Pines (Alabama) and Augusta (Georgia), now expiring in 2020.
About Resolute Forest Products
Resolute Forest Products is a global leader in the forest products
industry with a diverse range of products, including newsprint,
specialty papers, market pulp and wood products. The Company owns or
operates nearly 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
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.
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