Wednesday, February 10, 2010

Fraser Paper Reduces pay to Workers

The workers at the Fraser Paper Madawaska paper mill in Maine agreed to have their paychecks cut by 8.5% as part of a new contract mill management says is needed to keep the facility from closing. This initiative will save the company $4Million in annual savings.


Anonymous said...

Cool blog you got here. It would be great to read more concerning that matter. Thank you for posting this data.

Anonymous said...

Fraser Employees made a difficult decision, but the right one. Alternative was to close the doors. Did management also take a reduction?

P. Scott Vallely said...

I just learned that the Fraser Union upset because the executives enjoyed huge bonuses while the company was filing for bankruptcy and labor wages reduced 8.5%.