Employees Bid for Harmac
June 9, 2008 By Pulp & Paper Canada
In a desperate bid to get their mill up and running, Harmac pulp mill employees are putting up thousands of dollars…
In a desperate bid to get their mill up and running, Harmac pulp mill employees are putting up thousands of dollars each to become shareholders in their own company.
According to a recent report by The Canadian Press, the employee proposal to buy the shuttered Harmac pulp facility in Nanaimo, BC, is one of the bids put forth for properties previously owned by now bankrupt Pope & Talbot.
The Canadian Press confirmed that more than 200 of the facility’s 400 workers have committed as much as $25,000 per person in an attempt to restore the mill. “Our objective is to get the mill up and running,” CP reported Arnold Bercov, vice president of the Pulp, Paper and Woodworkers Union, Local 8 as saying. The local represents employees at the Harmac facility.
A ruling on the bid for the mill could be handed down as early as Friday, June 13.
Pope & Talbot’s sawmill in Fort St. James, BC and another sawmill in Mackenzie, BC, are also up for bid.
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