After tumultuous turn of events, Tolko stays open
January 24, 2006 By Pulp & Paper Canada
It was a roller coaster of a weekend for Tolko employees in The Pas. After announcing on January 20 that the facili…
It was a roller coaster of a weekend for Tolko employees in The Pas. After announcing on January 20 that the facility would start the process of closing on January 23, the company reneged on that statement just two days later and confirmed the sawmill would indeed remain open.
Support and participation in the Financial Stabilization Plan far surpassed the company’s expectations, and made continued operation a feasible option.
“Participation of all stakeholders was critical to prevent closure,” said Al Thorlakson, president and CEO. “While there are still many challenges ahead that will require cooperative efforts from all our partners, we are optimistic and encouraged by the positive vote from CEP Local 1403 over the weekend. We are anxious to move forward with all our stakeholders as we tackle the difficult challenges facing the industry with a cooperative and collaborative partnership.”
The town of The Pas, the United Steelworkers Local 1-324, CEP Local 342 and the government of Manitoba also supported Tolko in its strive to remain in operation.
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