There may be job cut announcements made by Kruger at Corner Brook Pulp and Paper.

Kruger is expected to make an announcement today about the future of its mill. The Corner Brook mill is the only newsprint mill still operating in Newfoundland and Labrador.

The No. 4 paper machine at the mill has been idled since March due to the low demand for newsprint.

Two of the mill's four machines are still operating, but production has been well below normal levels.

An analyst with BMO Capital Markets, Stephen Atkinson, said even though demand for newsprint is down by a third, privately owned Kruger Inc. is in better shape than its competitors, and that Corner Brook Pulp and Paper can target overseas markets.

"The company can ship into Europe, so provided the dollar doesn't go too high, so they should be fine. Certainly they are and were the lowest cost of the Newfoundland mills," Atkinson said.

Kruger will try to increase revenue this summer with a price increase of $50 per tonne.

Read more:
Corner Brook braces for more job cuts at newsprint mill (CBC)