XML FeedsTolko closes Armstrong lumber operation for 1 week
May 4, 2009 | In Mill Closures & Layoffs | 1 feedback »
Starting today, Tolko Industries is shutting down its lumber operation in Armstrong, British Columbia for one week, starting Monday.
185 employees will be off the job this week.
Pat Donnelly, plant manager, said. "People aren’t buying lumber. Our traditional markets in the east generally pick up at this time of the year but we’re not seeing it.”
Because of poor sales, the lumber operation, which produces studs, has been curtailed previously as has the plywood plant in Armstrong.
Source:
Poor markets force temporary closure at mill (Vernon Morning Star)
1 comment
Comment from: jc [Visitor]
From the look of West Fraser and Canfor's balance sheets, Tolko too, must be having some difficulty convincing the bank that there is a bright future in U.S. housing while using last year's strategy of running flat out to keep unit costs down.
04/05/09 @ 12:44
Comments are not allowed from anonymous visitors.
| « Fraser Papers may cut 300 jobs | 70 Mile House Forest Fire » |
