Western Forest Products is temporarily shutting down its Ladysmith sawmill. The company credits softening US lumber…
Western Forest Products is temporarily shutting down its Ladysmith sawmill. The company credits softening US lumber markets and the high exchange rate of the Canadian dollar with the decision.
Work will cease at the end of the last shift on November 12th, 2004 and will resume nearly two months later, with the first shift on January 4th, 2005. Approximately 70 employees will be out of work during this period.
President and chief executive officer of Western Forest Products Reynold Hert feels the move is unfortunate but necessary.
“We are disappointed that we have to take this action,” he said. “This mill has run well and the employees have done a great job through some difficult times at Western. Unfortunately, we have seen a decline in our US lumber markets so we feel we must take this prudent step.”
Print this page
