MONTREAL, May 20, 2022 /CNW Telbec/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced ratification of a four-year collective agreement by Unifor union members at seven of the company's pulp and paper mills in Canada, following an agreement-in-principle reached on May 15, 2022.
"We are pleased with the result of the vote, which is a testament to the hard work and collaborative efforts of both the company and the union in recent years to address the challenges we are facing and to ensure the competitiveness of the business," said Remi G. Lalonde, president and chief executive officer. "Thanks to the support of our employees, we continue to pursue our vision to operate a model manufacturing company, built with the strongest business values, the highest respect for sustainability and the calling to serve our people and communities."
The collective agreements cover approximately 700 hourly employees represented by Unifor at Resolute's Dolbeau; Gatineau; Kénogami; Saint-Félicien and currently indefinitely idled Amos and Baie-Comeau pulp and paper facilities in Quebec; and the Thunder Bay operation in Ontario. The seven mills account for about 50% of the company's total pulp and paper production capacity.
Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including market pulp, tissue, wood products and papers, which are marketed in over 60 countries. The company owns or operates some 40 facilities, as well as power generation assets, in the United States and Canada. Resolute has third-party certified 100% of its managed woodlands to 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 has received regional, North American and global recognition for its leadership in corporate social responsibility and sustainable development, as well as for its business practices. Visit www.resolutefp.com for more information.
SOURCE Resolute Forest Products Inc.
For further information: Contacts - Investors: Marianne Limoges, Treasurer and Vice President, Investor Relations, 514 394-2217, [email protected]; Media and Others: Louis Bouchard, Director, Canadian Public Affairs and Government Relations, 514 394-2261, [email protected]