CORNER BROOK, NL, Feb. 2, 2012 /CNW Telbec/ - As previously announced,
Corner Brook Pulp and Paper started implementing a rightsizing plan as
part of its strategy to improve its competitiveness. Throughout the day
yesterday, the Company met with union executives to announce the
immediate layoff of nine employees, as well as a gradual reduction of
33 additional positions and four vacancies that will not be filled.
This announcement is the first step in an ongoing process to reduce
labour costs. In order for the Mill to survive and be competitive, it
must rank within the first quartile of the industry. To achieve this
goal, it must reduce its workforce accordingly. Therefore, the Company
will reassess its manning needs in the coming weeks and months to make
further labour force adjustments.
Corner Brook Pulp and Paper will make every effort to minimize the
impact of its rightsizing process on employees and their families.
Founded in 1904, Kruger Inc. is a major producer of publication papers,
tissue, lumber and other wood products, corrugated cartons from
recycled fibres, green and renewable energy and wines and spirits. The
Company is also a leader in paper and paperboard recycling in North
America. Kruger operates facilities in Quebec, Ontario, British
Columbia, Newfoundland and Labrador and the United States.
SOURCE KRUGER INC.
For further information:
Senior Vice President
Corporate Affairs and Communications
Tel.: (514) 343-3213