Pulp and Paper Canada

News
Tolko workers approve pension deal


November 9, 2016
By Cindy Macdonald

Employees at Tolko Industries in The Pas have approved a three-year pension exemption for a potential buyer of the pulp and paper mill, according to CBC News.

The Manitoba government offered the potential buyer, American Industrial Acquisition Corporation, a three-year break from pension solvency payments, and employees have now approved the deal.

The kraft paper mill is scheduled to close on Dec. 2 if no buyer is found.

Read the full story on CBC News here.