May 1, 2020 By P&PC Staff
Resolute Forest Products has announced it is temporarily laying off more than 1,000 employees as a result of the COVID-19 crisis.
According to The Canadian Press, the employees are mostly located in Quebec.
The layoffs will impact the newsprint, specialized pulp and wood products division, as well as the Montreal head office, says Resolute CEO Yves Laflamme.
Whether the layoffs are extended or not will depend on market conditions, Laflamme says.
Resolute posted its first-quarter results on Apr. 30, citing a US$1 million net loss for the quarter, which was down from net income of $42 million in Q1 2019.
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