Cascades is closing its Thunder Bay plant, a move that will see 375 people lose their jobs.
Cascades is closing its Thunder Bay plant, a move that will see 375 people lose their jobs.
Citing weak market conditions, the mill will officially cease operations on January 21st 2006, at the latest.
“This closing has become inevitable,” said Alain Lemaire, president and CEO of Cascades. “We sincerely regret the negative impact that this decision will have on the employees as well was the Thunder Bay area.”
Despite efforts it made over the past years to prop up the mill and make it profitable, pressures from anemic fine paper prices, a strong Canadian dollar, coupled with high energy and raw material prices have counteracted these attempts, the company has said.
Print this page
