Fraser Papers is cutting 80 jobs. In an effort to improve the cost effectiveness of its operations, the company is…
Fraser Papers is cutting 80 jobs. In an effort to improve the cost effectiveness of its operations, the company is implementing a workforce plan at its pulp and paper operations in Edmunston, NB and Madawaska, Maine that will see 80 employees lose their jobs. By March 2005, the company anticipates it will have saved $6 million in annualized savings as a result of the lay-offs.
“While this impacts a number of individuals, we believe it will help to secure the long-term viability of our overall operations,” said Dominic Gammiero, president and CEO of the company.
As reported by the CBC, Fraser Papers credited the rising Canadian dollar and high energy costs with the decision to eliminate the jobs.
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