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MODERNIZATION: $6M MILL UPGRADE AT PACIFICA PAPERS

VANCOUVER, BC — Pacifica Papers Inc. said it plans to spend $6.0 million to modernize the woodroom operations at its mill in Powell River, BC, resulting in 100 workers losing their jobs by December 2…

VANCOUVER, BC — Pacifica Papers Inc. said it plans to spend $6.0 million to modernize the woodroom operations at its mill in Powell River, BC, resulting in 100 workers losing their jobs by December 2000. The technological change resulting from the project is expected to reduce the mill’s yearly operating costs by more than $6.0 million. It is part of the company’s strategy to focus on low-to-modest capital investments with high returns, a point emphasized by Wayne Nystrom, Pacifica’s chief executive officer: “Cutting jobs is never easy, but after an extensive review of the company’s woodroom operation, we found this alternative to be the most effective. In an increasingly globalized paper industry, we must continually improve our performance to be competitive worldwide. We are firmly committed to this strategy because it is in the best long-term interest of all our stakeholders.” Pacifica has hired KPMG, a management consulting firm, and Malaspina College to give counseling and establish job search and retraining programs for the workers facing layoffs.