WFP cuts 110 management jobs
June 20, 2006 By Pulp & Paper Canada
Western Forest Products cut 110 management positions from its sawmills and timberlands, the Vancouver Sun reported….
Western Forest Products cut 110 management positions from its sawmills and timberlands, the Vancouver Sun reported. The announcement was issued by CEO Reynold Hert at the company’s annual general meeting on June 16, where he confirmed the cuts were made to help the company move towards its goal of achieving ‘operational synergies of $65 million a year over the next four years.’
The move comes as the company’s first action taken to create efficiencies from its May takeover of Cascadia Forest Products, the Sun further reported.
Of the 110 cut positions, 25 people left their jobs ‘voluntarily,’ while an additional 80 will be eliminated by the end of the month, the remaining within the next few months.
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