Monday, July 02, 2007

Bowater 's Dalhousie newsprint mill in Canada prepares for layoffs

Bowater told local news outlets that the company is preparing to announce layoffs at its two-machine 240,000 tons/yr
Dalhousie, NB, mill in July as part of its ongoing effort to reduce costs. An official cited the weak North American market for newsprint and strong Canadian dollar for the need to cut staff and production.
Japanese producers Oji and Mitsui Paper owned a 33% interest in Dalhousie until late last year when Bowater paid $2.6 million for their stake and acquired 100% ownership of the mill.

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