Resolute Forest Products temporarily closes kraft mill in Thunder Bay over the holidays
December 19th, 2011 | Posted in Mill Closures & Layoffs | 2 comments »
Resolute Forest Products is temporarily closing its kraft mill in Thunder Bay, Ontario.
The mill will shut down on Friday and is scheduled to restart on January 2, 2012. Paper making operations will not be affected.
A drop in demand is cited as the reason for the downtime.
Source:
Local Kraft mill set to shut down for Christmas (TbNewsWatch)
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So Destitute Forest Prodders sends its employees a letter saying their pension is under funded by 71 million dollars. This letter arrives the same week they offer to buy Fibrek’s 3 pulp mills for 71 million dollars. Also the same week they announced down time to the pulp mills in Fort Frances and Thunder Bay. WTF is wrong with this picture.
On the plus side the letter in merely a scare tactic to help ensure a Yes vote when they hand us the Lord have Mercey contract. If they go bankrupt the pension will remain under funded. If they close the mill they have 5 years to full fund that portion of the plan. It’s called a partial wind up.
Dec 24th and all through the house no one was sleeping the papermill quiet as a mouse. Fiberteck cost 71 million the pensions shortfall. The ceos are laughing and having a ball. As they hold the pensions over everyones heads. They stuff there mattresses with millions and fill the workers with dread. If they sold one hog fuel boiler or one mill they could pay the debt of. Borrow the money pay the debt of the ceos just laugh and scoff. Well break the unions well shut more mills down. There will be nothing left but small ghost towns. Well take from your father and mother and grandparents to. Survival of the most evil and greedy thats what we do. You opened your contracts you opened the door. All we want now is more and more and more.