Important bulletinfor pulp and paper workers in Newfoundland and Labrador.
Bowater has agreed to merge with Abitibi-Consolidated - they have a combined enterprise value of 8 Billion Dollars
Now of course Bowater used to own the Kruger operation in Corner Brook.
This may be an important merger for all workers in this sector in Newfoundland and Labrador.
What are the plans for the merged group - the international Bowater has significant assets in Ontario and Quebec - now what does the future hold for Newfoundland and Labrador?
Minister Dunderdale what is your take on this?
1 comment:
What it means is that there is going to be more mill closures. They will look for synergies, same as before, taking the best practices from each mill and applying it to all mills, and leaving the more vunerable mill high and dry once completed.
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